LPL Financial LLC Has $1.31 Million Holdings in Brookfield Renewable Partners L.P. (NYSE:BEP)

LPL Financial LLC increased its holdings in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 32.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,514 shares of the utilities provider's stock after purchasing an additional 14,194 shares during the quarter. LPL Financial LLC's holdings in Brookfield Renewable Partners were worth $1,311,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Guardian Partners Inc. bought a new position in shares of Brookfield Renewable Partners during the 4th quarter worth approximately $1,504,000. Northwest & Ethical Investments L.P. boosted its holdings in shares of Brookfield Renewable Partners by 2.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 82,025 shares of the utilities provider's stock valued at $1,867,000 after buying an additional 1,722 shares during the last quarter. Zevin Asset Management LLC acquired a new stake in shares of Brookfield Renewable Partners in the 4th quarter valued at approximately $216,000. Aviso Financial Inc. boosted its holdings in shares of Brookfield Renewable Partners by 21.3% in the 4th quarter. Aviso Financial Inc. now owns 8,841 shares of the utilities provider's stock valued at $201,000 after buying an additional 1,553 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Brookfield Renewable Partners by 2.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 26,217 shares of the utilities provider's stock valued at $597,000 after buying an additional 725 shares during the last quarter. 63.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. CIBC cut their price objective on Brookfield Renewable Partners from $32.00 to $31.00 and set an "outperformer" rating for the company in a report on Monday, February 3rd. Wells Fargo & Company lowered their price target on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Barclays started coverage on shares of Brookfield Renewable Partners in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $27.00 price target on the stock. Finally, Scotiabank increased their price target 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $30.18.

Brookfield Renewable Partners Price Performance

Brookfield Renewable Partners stock traded up $0.41 during mid-day trading on Wednesday, reaching $22.40. The company had a trading volume of 86,200 shares, compared to its average volume of 578,848. Brookfield Renewable Partners L.P. has a fifty-two week low of $19.29 and a fifty-two week high of $29.56. The company has a current ratio of 0.25, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.36 billion, a P/E ratio of -25.17 and a beta of 0.99. The business has a fifty day simple moving average of $22.32 and a 200 day simple moving average of $23.52.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last issued its earnings results on Friday, January 31st. The utilities provider reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.16. Brookfield Renewable Partners had a negative net margin of 0.15% and a negative return on equity of 0.03%. During the same period last year, the company earned $0.01 EPS. On average, equities research analysts predict that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current year.

Brookfield Renewable Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date was Friday, February 28th. This is a positive change from Brookfield Renewable Partners's previous quarterly dividend of $0.36. Brookfield Renewable Partners's payout ratio is -167.42%.

Brookfield Renewable Partners 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.