Brookfield Renewable Partners L.P. (NYSE:BEP) Shares Sold by Price T Rowe Associates Inc. MD

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in Brookfield Renewable Partners in the third quarter valued at approximately $28,000. Promus Capital LLC acquired a new stake in Brookfield Renewable Partners in the fourth quarter valued at approximately $37,000. Jones Financial Companies Lllp boosted its stake in Brookfield Renewable Partners by 26.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider's stock valued at $59,000 after acquiring an additional 537 shares in the last quarter. Allworth Financial LP acquired a new stake in Brookfield Renewable Partners in the fourth quarter valued at approximately $68,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in Brookfield Renewable Partners by 81.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock valued at $71,000 after acquiring an additional 1,391 shares in the last quarter. 63.16% of the stock is currently owned by institutional investors.

Brookfield Renewable Partners Stock Performance

Shares of Brookfield Renewable Partners stock traded up $0.20 during trading on Monday, hitting $23.44. 651,958 shares of the company's stock were exchanged, compared to its average volume of 560,748. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.25. The business has a 50-day simple moving average of $22.32 and a 200-day simple moving average of $23.10. Brookfield Renewable Partners L.P. has a 52-week low of $19.29 and a 52-week high of $29.56. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of -26.34 and a beta of 0.99.

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

Brookfield Renewable Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $0.373 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a yield of 6.37%. Brookfield Renewable Partners's payout ratio is -147.52%.

Wall Street Analysts Forecast Growth

BEP has been the subject of several recent analyst reports. StockNews.com downgraded shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. National Bankshares lowered their price objective on shares of Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Barclays began coverage on shares of Brookfield Renewable Partners in a research note on Wednesday, April 2nd. They set an "equal weight" rating and a $27.00 price objective 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 note on Monday, May 5th. Finally, Scotiabank lifted their price objective on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Brookfield Renewable Partners has an average rating of "Moderate Buy" and a consensus target price of $29.67.

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.