National Bank of Canada FI Grows Stake in Brookfield Renewable Partners L.P. (NYSE:BEP)

National Bank of Canada FI increased its holdings in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,041,274 shares of the utilities provider's stock after purchasing an additional 68,956 shares during the period. National Bank of Canada FI owned 0.36% of Brookfield Renewable Partners worth $26,964,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Baystate Wealth Management LLC purchased a new stake in Brookfield Renewable Partners during the fourth quarter valued at approximately $26,000. Stratos Wealth Partners LTD. purchased a new position in shares of Brookfield Renewable Partners in the third quarter worth $244,000. Clearstead Advisors LLC raised its holdings in shares of Brookfield Renewable Partners by 8.5% in the third quarter. Clearstead Advisors LLC now owns 12,383 shares of the utilities provider's stock worth $269,000 after buying an additional 967 shares during the last quarter. Alpine Global Management LLC purchased a new position in shares of Brookfield Renewable Partners in the third quarter worth $282,000. Finally, Pathstone Family Office LLC purchased a new position in shares of Brookfield Renewable Partners in the third quarter worth $282,000. Hedge funds and other institutional investors own 63.16% of the company's stock.

Brookfield Renewable Partners Price Performance

BEP traded down $0.30 on Tuesday, reaching $26.35. 701,273 shares of the company's stock were exchanged, compared to its average volume of 529,400. The stock has a market cap of $7.54 billion, a PE ratio of -57.28 and a beta of 0.83. Brookfield Renewable Partners L.P. has a twelve month low of $19.92 and a twelve month high of $32.76. The stock's fifty day moving average price is $22.58 and its 200-day moving average price is $24.01. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.57 and a quick ratio of 0.57.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its quarterly earnings results on Friday, February 2nd. The utilities provider reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.03. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.08 billion. Brookfield Renewable Partners had a net margin of 7.10% and a return on equity of 1.31%. Brookfield Renewable Partners's quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.16) earnings per share. Sell-side analysts expect that Brookfield Renewable Partners L.P. will post -0.01 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $0.355 per share. The ex-dividend date is Friday, May 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.39%. Brookfield Renewable Partners's payout ratio is presently -219.56%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BEP. CIBC raised their target price on shares of Brookfield Renewable Partners from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Monday. JPMorgan Chase & Co. restated a "neutral" rating and set a $28.00 target price (down from $36.00) on shares of Brookfield Renewable Partners in a research report on Monday, February 12th. Royal Bank of Canada boosted their target price on shares of Brookfield Renewable Partners from $29.00 to $31.00 and gave the company an "outperform" rating in a research report on Monday. Scotiabank boosted their target price on shares of Brookfield Renewable Partners from $30.00 to $31.00 and gave the company an "outperform" rating in a research report on Monday. Finally, StockNews.com downgraded shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.75.

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.