Arkadios Wealth Advisors Acquires 42,737 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

Arkadios Wealth Advisors increased its stake in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 442.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,399 shares of the utilities provider's stock after acquiring an additional 42,737 shares during the period. Arkadios Wealth Advisors' holdings in Brookfield Renewable Partners were worth $1,194,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. APG Asset Management N.V. grew its stake in shares of Brookfield Renewable Partners by 0.3% in the 2nd quarter. APG Asset Management N.V. now owns 1,747,150 shares of the utilities provider's stock worth $40,327,000 after purchasing an additional 5,388 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Brookfield Renewable Partners by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 282,574 shares of the utilities provider's stock worth $6,988,000 after buying an additional 1,333 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Brookfield Renewable Partners in the second quarter worth approximately $359,000. GAMMA Investing LLC grew its position in Brookfield Renewable Partners by 86.5% in the third quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider's stock worth $27,000 after buying an additional 442 shares during the last quarter. Finally, Creative Planning bought a new position in shares of Brookfield Renewable Partners in the third quarter valued at $206,000. Institutional investors and hedge funds own 63.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Brookfield Renewable Partners from a "neutral" rating to an "overweight" rating and set a $30.00 price objective for the company in a research note on Thursday, December 12th. Royal Bank of Canada reiterated an "outperform" rating and issued a $31.00 price target on shares of Brookfield Renewable Partners in a research report on Wednesday, October 9th. StockNews.com downgraded Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a report on Thursday, December 26th. National Bankshares decreased their target price on shares of Brookfield Renewable Partners from $33.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, December 18th. Finally, UBS Group raised shares of Brookfield Renewable Partners from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $24.00 to $31.00 in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Brookfield Renewable Partners has a consensus rating of "Moderate Buy" and a consensus target price of $32.44.

Brookfield Renewable Partners Stock Down 1.4 %

BEP traded down $0.29 on Monday, reaching $20.64. 1,121,749 shares of the company traded hands, compared to its average volume of 414,074. Brookfield Renewable Partners L.P. has a 52-week low of $19.92 and a 52-week high of $29.56. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $5.88 billion, a price-to-earnings ratio of -25.17 and a beta of 0.95. The stock's 50 day moving average price is $23.91 and its 200-day moving average price is $25.06.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its quarterly earnings results on Friday, November 8th. The utilities provider reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.28). Brookfield Renewable Partners had a net margin of 1.16% and a return on equity of 0.24%. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $843.18 million. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. On average, sell-side analysts expect that Brookfield Renewable Partners L.P. will post -0.88 EPS for the current fiscal year.

Brookfield Renewable Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Renewable Partners's dividend payout ratio (DPR) is presently -173.17%.

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.