Price T Rowe Associates Inc. MD Sells 13,105 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

Price T Rowe Associates Inc. MD lowered its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 20.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 50,653 shares of the utilities provider's stock after selling 13,105 shares during the quarter. Price T Rowe Associates Inc. MD's holdings in Brookfield Renewable Partners were worth $1,155,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BEP shares. Barclays assumed coverage on Brookfield Renewable Partners in a research report on Wednesday, April 2nd. They issued an "equal weight" rating and a $27.00 target price for the company. CIBC lowered their price objective on shares of Brookfield Renewable Partners from $31.00 to $30.00 and set an "outperformer" rating for the company in a research report on Monday, May 5th. Scotiabank raised their target price on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. StockNews.com lowered Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut their price target on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.67.

Brookfield Renewable Partners Stock Up 0.5%

Brookfield Renewable Partners stock traded up $0.13 during trading hours on Thursday, hitting $23.77. The company had a trading volume of 89,118 shares, compared to its average volume of 556,518. The firm's fifty day moving average is $22.40 and its 200-day moving average is $23.08. The firm has a market capitalization of $6.74 billion, a P/E ratio of -26.70 and a beta of 0.99. 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 debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73.

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

Brookfield Renewable Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable Partners's dividend payout ratio is presently -147.52%.

About Brookfield Renewable Partners

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.