Brookfield Renewable Partners L.P. (NYSE:BEP) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 905,353 shares of the utilities provider's stock after selling 101,846 shares during the quarter. First Trust Advisors LP owned 0.32% of Brookfield Renewable Partners worth $20,633,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in Brookfield Renewable Partners during the third quarter worth approximately $28,000. Promus Capital LLC acquired a new stake in Brookfield Renewable Partners in the 4th quarter valued at $37,000. Jones Financial Companies Lllp increased its holdings 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 acquiring an additional 537 shares in the last quarter. Allworth Financial LP purchased a new stake in Brookfield Renewable Partners in the 4th quarter worth $68,000. Finally, Steward Partners Investment Advisory LLC raised its position in Brookfield Renewable Partners by 81.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock worth $71,000 after acquiring an additional 1,391 shares during the period. 63.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BEP has been the subject of a number of research reports. StockNews.com cut shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Barclays began coverage on Brookfield Renewable Partners in a report on Wednesday, April 2nd. They set an "equal weight" rating and a $27.00 target price for the company. CIBC lowered their price target on Brookfield Renewable Partners from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research note on Monday, February 3rd. National Bankshares reduced their price objective on Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company lowered their target price on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.

Brookfield Renewable Partners Stock Up 1.0 %

NYSE BEP opened at $22.57 on Friday. The business's fifty day simple moving average is $22.31 and its 200-day simple moving average is $23.44. 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 market cap of $6.41 billion, a PE ratio of -25.36 and a beta of 0.99. Brookfield Renewable Partners L.P. has a 52 week low of $19.29 and a 52 week high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last issued its earnings results on Friday, January 31st. The utilities provider reported ($0.06) EPS for the quarter, topping 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 quarter in the prior year, the firm earned $0.01 EPS. As a group, equities analysts anticipate that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current 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 paid a dividend of $0.373 per share. This is a boost from Brookfield Renewable Partners's previous quarterly dividend of $0.36. The ex-dividend date was Friday, February 28th. This represents a $1.49 annualized dividend and a yield of 6.61%. Brookfield Renewable Partners's dividend payout ratio (DPR) is -167.42%.

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.

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