Bank of Montreal Can Buys 26,189 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

Bank of Montreal Can boosted its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 0.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,744,285 shares of the utilities provider's stock after buying an additional 26,189 shares during the period. Bank of Montreal Can owned approximately 2.37% of Brookfield Renewable Partners worth $190,469,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Brookfield Renewable Partners by 4.5% during the third quarter. Principal Financial Group Inc. now owns 7,605,679 shares of the utilities provider's stock worth $214,328,000 after buying an additional 330,648 shares in the last quarter. CIBC Asset Management Inc grew its stake in Brookfield Renewable Partners by 0.6% during the second quarter. CIBC Asset Management Inc now owns 6,915,814 shares of the utilities provider's stock worth $171,010,000 after buying an additional 37,836 shares in the last quarter. CCLA Investment Management grew its stake in Brookfield Renewable Partners by 1.9% during the second quarter. CCLA Investment Management now owns 2,578,419 shares of the utilities provider's stock worth $63,952,000 after buying an additional 47,734 shares in the last quarter. TD Asset Management Inc grew its stake in Brookfield Renewable Partners by 2.9% during the second quarter. TD Asset Management Inc now owns 2,377,124 shares of the utilities provider's stock worth $58,805,000 after buying an additional 67,777 shares in the last quarter. Finally, APG Asset Management N.V. grew its stake in Brookfield Renewable Partners by 0.3% during the second quarter. APG Asset Management N.V. now owns 1,747,150 shares of the utilities provider's stock worth $40,327,000 after buying an additional 5,388 shares in the last quarter. 63.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BEP. StockNews.com downgraded shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. reduced their price target on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Thursday, October 17th. UBS Group upgraded shares of Brookfield Renewable Partners from a "neutral" rating to a "buy" rating and raised their price target for the company from $24.00 to $31.00 in a research note on Monday, September 30th. CIBC raised their price target on shares of Brookfield Renewable Partners from $33.00 to $34.00 and gave the company an "outperformer" rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $31.00 price target on shares of Brookfield Renewable Partners in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $31.78.

Brookfield Renewable Partners Trading Up 0.1 %

Brookfield Renewable Partners stock traded up $0.02 during mid-day trading on Tuesday, hitting $25.72. 856,517 shares of the stock were exchanged, compared to its average volume of 479,659. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.93. Brookfield Renewable Partners L.P. has a 12 month low of $19.92 and a 12 month high of $29.56. The firm's fifty day simple moving average is $26.57 and its two-hundred day simple moving average is $25.91. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of -31.37 and a beta of 0.95.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its quarterly earnings results on Friday, November 8th. The utilities provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.28). Brookfield Renewable Partners had a return on equity of 0.24% and a net margin of 1.16%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $843.18 million. During the same quarter in the previous year, the business posted ($0.14) EPS. Analysts forecast that Brookfield Renewable Partners L.P. will post -0.57 EPS for the current year.

Brookfield Renewable Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a dividend of $0.355 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.42 annualized dividend and a yield of 5.52%. Brookfield Renewable Partners's payout ratio is -173.17%.

Brookfield Renewable Partners 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.