41,643 Shares in Brookfield Renewable Partners L.P. (NYSE:BEP) Purchased by Natixis

Natixis purchased a new stake in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 41,643 shares of the utilities provider's stock, valued at approximately $949,000.

A number of other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc lifted its stake in shares of Brookfield Renewable Partners by 23.8% during the 4th quarter. CIBC Asset Management Inc now owns 8,472,170 shares of the utilities provider's stock valued at $192,605,000 after buying an additional 1,628,524 shares in the last quarter. AGF Management Ltd. raised its holdings in Brookfield Renewable Partners by 3,234.7% during the fourth quarter. AGF Management Ltd. now owns 1,588,410 shares of the utilities provider's stock valued at $36,681,000 after acquiring an additional 1,540,777 shares during the period. National Bank of Canada FI lifted its position in shares of Brookfield Renewable Partners by 102.4% in the fourth quarter. National Bank of Canada FI now owns 2,106,264 shares of the utilities provider's stock valued at $48,023,000 after acquiring an additional 1,065,590 shares in the last quarter. Bank of Nova Scotia boosted its stake in shares of Brookfield Renewable Partners by 31.8% in the fourth quarter. Bank of Nova Scotia now owns 2,338,940 shares of the utilities provider's stock worth $53,263,000 after acquiring an additional 564,515 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Brookfield Renewable Partners by 4.5% during the third quarter. Principal Financial Group Inc. now owns 7,605,679 shares of the utilities provider's stock worth $214,328,000 after purchasing an additional 330,648 shares in the last quarter. 63.16% of the stock is currently owned by institutional investors.

Brookfield Renewable Partners Trading Down 0.6 %

BEP traded down $0.14 on Tuesday, hitting $23.07. The company had a trading volume of 149,727 shares, compared to its average volume of 573,489. The company has a market cap of $6.55 billion, a PE ratio of -25.92 and a beta of 0.99. The company has a quick ratio of 0.73, a current ratio of 0.25 and a debt-to-equity ratio of 0.93. The business's fifty day simple moving average is $22.31 and its 200 day simple moving average is $23.41. Brookfield Renewable Partners L.P. has a 12-month low of $19.29 and a 12-month high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last announced its earnings results on Friday, January 31st. The utilities provider reported ($0.06) earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the company earned $0.01 EPS. Equities research analysts expect that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current year.

Brookfield Renewable Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a dividend of $0.373 per share. This is a boost from Brookfield Renewable Partners's previous quarterly dividend of $0.36. The ex-dividend date was Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.47%. Brookfield Renewable Partners's dividend payout ratio is currently -167.42%.

Analysts Set New Price Targets

BEP has been the topic of a number of research analyst reports. Barclays initiated coverage on 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. National Bankshares lowered their target price on shares of Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Wells Fargo & Company cut their target price on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased 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 research note on Thursday, January 23rd. Finally, Scotiabank raised their price objective on Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.00.

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.