Guardian Capital LP Boosts Holdings in Brookfield Renewable Partners L.P. (NYSE:BEP)

Guardian Capital LP grew its holdings in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 468,295 shares of the utilities provider's stock after buying an additional 50,945 shares during the quarter. Guardian Capital LP owned 0.16% of Brookfield Renewable Partners worth $10,661,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Brookfield Renewable Partners in the 3rd quarter valued at approximately $28,000. Promus Capital LLC purchased a new stake in shares of Brookfield Renewable Partners in the fourth quarter valued at $37,000. Jones Financial Companies Lllp raised its stake in shares of Brookfield Renewable Partners by 26.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider's stock valued at $59,000 after acquiring an additional 537 shares during the period. Allworth Financial LP purchased a new position in shares of Brookfield Renewable Partners during the 4th quarter worth about $68,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in Brookfield Renewable Partners by 81.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock valued at $71,000 after purchasing an additional 1,391 shares during the last quarter. Institutional investors own 63.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BEP. JPMorgan Chase & Co. reduced their target price on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Scotiabank lifted their price objective on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Barclays started coverage on shares of Brookfield Renewable Partners in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $27.00 target price on the stock. Wells Fargo & Company dropped their price objective on Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, CIBC lowered their target price on Brookfield Renewable Partners from $31.00 to $30.00 and set an "outperformer" rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.70.

Brookfield Renewable Partners Stock Down 2.8 %

Shares of BEP traded down $0.63 during mid-day trading on Monday, reaching $22.20. The company's stock had a trading volume of 115,288 shares, compared to its average volume of 562,338. The company's 50 day moving average is $22.30 and its 200 day moving average is $23.30. Brookfield Renewable Partners L.P. has a 12-month low of $19.29 and a 12-month high of $29.56. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73. The stock has a market cap of $6.31 billion, a PE ratio of -24.94 and a beta of 0.99.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last announced its earnings results on Friday, May 2nd. The utilities provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.09). Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15%. The business had revenue of $907.00 million for the quarter, compared to analyst estimates of $1.73 billion. Equities analysts anticipate that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.