Susquehanna Fundamental Investments LLC Invests $346,000 in Brookfield Renewable Partners L.P. (NYSE:BEP)

Susquehanna Fundamental Investments LLC purchased a new stake in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,200 shares of the utilities provider's stock, valued at approximately $346,000.

A number of other large investors have also added to or reduced their stakes in the stock. CIBC Asset Management Inc lifted its position 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 acquiring an additional 1,628,524 shares during the period. Principal Financial Group Inc. lifted its position in Brookfield Renewable Partners by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 7,851,842 shares of the utilities provider's stock worth $178,943,000 after purchasing an additional 246,163 shares during the period. Bank of Montreal Can grew its stake in Brookfield Renewable Partners by 4.7% during the fourth quarter. Bank of Montreal Can now owns 7,059,557 shares of the utilities provider's stock worth $160,585,000 after buying an additional 315,272 shares in the last quarter. Cibc World Market Inc. increased its holdings in Brookfield Renewable Partners by 4.4% in the 4th quarter. Cibc World Market Inc. now owns 2,751,587 shares of the utilities provider's stock valued at $62,647,000 after buying an additional 116,593 shares during the period. Finally, Scotia Capital Inc. raised its position in shares of Brookfield Renewable Partners by 13.5% in the 4th quarter. Scotia Capital Inc. now owns 2,715,043 shares of the utilities provider's stock valued at $61,433,000 after buying an additional 323,619 shares in the last quarter. Institutional investors and hedge funds own 63.16% of the company's stock.

Brookfield Renewable Partners Trading Down 1.5 %

BEP opened at $22.85 on Friday. 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 L.P. has a fifty-two week low of $19.29 and a fifty-two week high of $29.56. The company's 50 day moving average price is $22.30 and its two-hundred day moving average price is $23.33. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of -25.67 and a beta of 0.99.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on BEP. CIBC decreased their price objective on shares of Brookfield Renewable Partners from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research note on Monday, February 3rd. National Bankshares lowered their price target on Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a research note on Monday, February 3rd. StockNews.com cut shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company decreased their price target on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. One investment 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.

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