TD Waterhouse Canada Inc. Buys 98,966 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

TD Waterhouse Canada Inc. raised its stake in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 681,400 shares of the utilities provider's stock after purchasing an additional 98,966 shares during the quarter. TD Waterhouse Canada Inc. owned 0.24% of Brookfield Renewable Partners worth $15,398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Stifel Financial Corp raised its stake in shares of Brookfield Renewable Partners by 1.3% in the third quarter. Stifel Financial Corp now owns 31,214 shares of the utilities provider's stock worth $880,000 after purchasing an additional 403 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of 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 worth $59,000 after purchasing an additional 537 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Brookfield Renewable Partners by 3.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 24,152 shares of the utilities provider's stock worth $550,000 after purchasing an additional 724 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Brookfield Renewable Partners by 2.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 26,217 shares of the utilities provider's stock worth $597,000 after purchasing an additional 725 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Brookfield Renewable Partners by 13.5% in the fourth quarter. Barclays PLC now owns 7,998 shares of the utilities provider's stock worth $183,000 after purchasing an additional 951 shares during the last quarter. 63.16% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Partners Stock Performance

NYSE:BEP traded up $0.22 during trading hours on Friday, reaching $22.57. The stock had a trading volume of 198,364 shares, compared to its average volume of 573,676. 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 stock has a 50 day simple moving average of $22.31 and a 200 day simple moving average of $23.43. Brookfield Renewable Partners L.P. has a 12-month low of $19.29 and a 12-month high of $29.56. The stock has a market cap of $6.41 billion, a P/E ratio of -25.36 and a beta of 0.99.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its earnings results on Friday, January 31st. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.16. Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15%. During the same period in the prior year, the company earned $0.01 earnings per share. On average, research analysts forecast that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.61%. This is a positive change from Brookfield Renewable Partners's previous quarterly dividend of $0.36. The ex-dividend date was Friday, February 28th. Brookfield Renewable Partners's payout ratio is presently -167.42%.

Analyst Ratings Changes

BEP has been the subject of several analyst reports. StockNews.com downgraded Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. National Bankshares decreased their price target on Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price target on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their price target on Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $31.00 price target on shares of Brookfield Renewable Partners in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.