Brookfield Renewable Partners (NYSE:BEP) Sees Strong Trading Volume

Brookfield Renewable Partners L.P. (NYSE:BEP - Get Free Report) TSE: BEP saw unusually-strong trading volume on Friday . Approximately 434,293 shares changed hands during mid-day trading, a decline of 7% from the previous session's volume of 466,566 shares.The stock last traded at $20.70 and had previously closed at $20.58.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BEP shares. National Bankshares lifted their target price on Brookfield Renewable Partners from $29.00 to $31.00 and gave the company an "outperform" rating in a research report on Tuesday, January 9th. StockNews.com cut Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $28.00 price objective (down from $36.00) on shares of Brookfield Renewable Partners in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.60.

Brookfield Renewable Partners Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of -64.91 and a beta of 0.80. The company has a 50-day moving average price of $22.75 and a 200-day moving average price of $23.83.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its earnings results on Friday, February 2nd. The utilities provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. Brookfield Renewable Partners had a return on equity of 2.23% and a net margin of 12.23%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned ($0.16) EPS. The business's quarterly revenue was up 10.6% on a year-over-year basis. As a group, research analysts forecast that Brookfield Renewable Partners L.P. will post -0.01 EPS for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 6.84%. This is a boost from Brookfield Renewable Partners's previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, February 28th. Brookfield Renewable Partners's dividend payout ratio (DPR) is presently -421.88%.

Institutional Trading of Brookfield Renewable Partners

A number of hedge funds have recently added to or reduced their stakes in BEP. Raymond James & Associates lifted its holdings in shares of Brookfield Renewable Partners by 1.3% in the 1st quarter. Raymond James & Associates now owns 36,752 shares of the utilities provider's stock valued at $1,509,000 after buying an additional 461 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Brookfield Renewable Partners by 1.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 45,130 shares of the utilities provider's stock valued at $1,853,000 after buying an additional 453 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Brookfield Renewable Partners by 26.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,767 shares of the utilities provider's stock valued at $360,000 after buying an additional 1,838 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Brookfield Renewable Partners by 402.2% in the 1st quarter. Mackenzie Financial Corp now owns 123,848 shares of the utilities provider's stock valued at $5,091,000 after buying an additional 99,188 shares during the period. Finally, Parkwood LLC acquired a new stake in shares of Brookfield Renewable Partners in the 1st quarter valued at approximately $1,366,000. 63.16% of the stock is owned by institutional investors and hedge funds.

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.