Brookfield Renewable Partners L.P. (NYSE:BEP) Stock Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 212.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 206,916 shares of the utilities provider's stock after purchasing an additional 140,604 shares during the period. JPMorgan Chase & Co. owned approximately 0.07% of Brookfield Renewable Partners worth $4,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Brookfield Renewable Partners during the 3rd quarter worth approximately $28,000. Promus Capital LLC purchased a new position in Brookfield Renewable Partners in the 4th quarter worth $37,000. Jones Financial Companies Lllp boosted its position in Brookfield Renewable Partners by 26.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider's stock valued at $59,000 after buying an additional 537 shares during the period. Allworth Financial LP purchased a new position in shares of Brookfield Renewable Partners during the fourth quarter valued at approximately $68,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Brookfield Renewable Partners by 81.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock worth $71,000 after buying an additional 1,391 shares during the period. Institutional investors own 63.16% of the company's stock.

Brookfield Renewable Partners Price Performance

Shares of Brookfield Renewable Partners stock traded down $0.03 on Monday, hitting $21.54. The company's stock had a trading volume of 364,817 shares, compared to its average volume of 580,481. Brookfield Renewable Partners L.P. has a 52-week low of $19.29 and a 52-week high of $29.56. The company has a quick ratio of 0.73, a current ratio of 0.25 and a debt-to-equity ratio of 0.93. The firm has a fifty day moving average price of $22.35 and a 200-day moving average price of $23.58. The company has a market capitalization of $6.12 billion, a P/E ratio of -24.20 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, beating analysts' consensus estimates of ($0.22) by $0.16. Brookfield Renewable Partners had a negative net margin of 0.15% and a negative return on equity of 0.03%. During the same period in the prior year, the business earned $0.01 earnings per share. On average, equities research analysts expect that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.93%. This is a boost from Brookfield Renewable Partners's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Renewable Partners's dividend payout ratio is -167.42%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. CIBC decreased their price target on Brookfield Renewable Partners from $32.00 to $31.00 and set an "outperformer" rating for the company in a research note on Monday, February 3rd. National Bankshares decreased their target price on shares of Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. StockNews.com downgraded 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 issued a $31.00 price target on shares of Brookfield Renewable Partners in a report on Monday, February 3rd. Finally, Scotiabank increased their price objective on Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.18.

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.