Mirabella Financial Services LLP Trims Stake in Brookfield Renewable Partners L.P. (NYSE:BEP)

Mirabella Financial Services LLP cut its holdings in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 45.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 256,175 shares of the utilities provider's stock after selling 210,561 shares during the period. Mirabella Financial Services LLP owned about 0.09% of Brookfield Renewable Partners worth $5,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Brookfield Renewable Partners in the 3rd quarter valued at about $28,000. Promus Capital LLC acquired a new position in Brookfield Renewable Partners in the fourth quarter valued at approximately $37,000. Jones Financial Companies Lllp boosted its position in Brookfield Renewable Partners by 26.2% in the 4th 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 in the last quarter. Allworth Financial LP acquired a new stake in shares of Brookfield Renewable Partners during the 4th quarter worth approximately $68,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Brookfield Renewable Partners by 81.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock valued at $71,000 after purchasing an additional 1,391 shares in the last quarter. 63.16% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Partners Price Performance

NYSE BEP traded up $0.19 during mid-day trading on Friday, hitting $22.54. The stock had a trading volume of 104,481 shares, compared to its average volume of 574,061. The firm's 50 day moving average is $22.32 and its 200 day moving average is $23.49. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of -25.30 and a beta of 0.99. Brookfield Renewable Partners L.P. has a twelve month low of $19.29 and a twelve month high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its quarterly earnings results on Friday, January 31st. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, beating 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 last year, the firm earned $0.01 earnings per share. Equities research analysts forecast that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.373 per share. This is a boost from Brookfield Renewable Partners's previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Renewable Partners's dividend payout ratio (DPR) is presently -167.42%.

Analysts Set New Price Targets

BEP has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. Royal Bank of Canada restated an "outperform" rating and set a $31.00 target price on shares of Brookfield Renewable Partners in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Barclays assumed coverage on Brookfield Renewable Partners in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $27.00 price objective on the stock. Finally, Wells Fargo & Company reduced their target price on Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Brookfield Renewable Partners currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.18.

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.