20,000 Shares in Brookfield Renewable Partners L.P. (NYSE:BEP) Bought by Abel Hall LLC

Abel Hall LLC bought a new stake in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,000 shares of the utilities provider's stock, valued at approximately $456,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BEP. GAMMA Investing LLC lifted its stake in shares of Brookfield Renewable Partners by 86.5% in the 3rd quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 442 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Brookfield Renewable Partners in the third quarter valued at approximately $28,000. Waverton Investment Management Ltd acquired a new position in Brookfield Renewable Partners during the third quarter valued at approximately $178,000. Barclays PLC lifted its position in Brookfield Renewable Partners by 40.6% during the third quarter. Barclays PLC now owns 7,047 shares of the utilities provider's stock valued at $199,000 after buying an additional 2,036 shares in the last quarter. Finally, Creative Planning purchased a new stake in Brookfield Renewable Partners during the third quarter worth approximately $206,000. Institutional investors and hedge funds own 63.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BEP. Scotiabank cut their target price on shares of Brookfield Renewable Partners from $32.00 to $28.00 and set an "outperform" rating on the stock in a research note on Thursday. National Bankshares reduced their price objective on Brookfield Renewable Partners from $33.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 18th. JPMorgan Chase & Co. decreased their target price 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. Royal Bank of Canada reiterated an "outperform" rating and set a $31.00 target price on shares of Brookfield Renewable Partners in a report on Wednesday, October 9th. Finally, StockNews.com cut Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a report on Thursday, December 26th. One research analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Brookfield Renewable Partners currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.78.

Brookfield Renewable Partners Stock Up 5.8 %

BEP stock traded up $1.20 during midday trading on Friday, hitting $21.90. 1,682,281 shares of the company's stock were exchanged, compared to its average volume of 1,050,290. The firm has a 50 day moving average price of $23.09 and a 200-day moving average price of $24.75. Brookfield Renewable Partners L.P. has a 12-month low of $19.92 and a 12-month high of $29.56. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of -26.70 and a beta of 0.95. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last issued its quarterly 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 net margin of 1.16% and a return on equity of 0.24%. During the same period last year, the firm earned $0.01 earnings per share. On average, analysts anticipate that Brookfield Renewable Partners L.P. will post -1.2 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a $0.355 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.48%. Brookfield Renewable Partners's dividend payout ratio (DPR) is presently -173.17%.

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.