BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $5.73 Million Position in Brookfield Renewable Partners L.P. (NYSE:BEP)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 45.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,097 shares of the utilities provider's stock after selling 172,404 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.07% of Brookfield Renewable Partners worth $5,727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in Brookfield Renewable Partners by 86.5% during the 3rd quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider's stock worth $27,000 after acquiring an additional 442 shares during the period. Waverton Investment Management Ltd acquired a new stake in Brookfield Renewable Partners during the 3rd quarter worth about $178,000. Creative Planning acquired a new stake in Brookfield Renewable Partners during the 3rd quarter worth about $206,000. Cadence Bank acquired a new stake in Brookfield Renewable Partners during the 3rd quarter worth about $212,000. Finally, Aspiriant LLC acquired a new stake in Brookfield Renewable Partners during the 3rd quarter worth about $241,000. Hedge funds and other institutional investors own 63.16% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BEP shares. JPMorgan Chase & Co. reduced their price target on Brookfield Renewable Partners from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Thursday, October 17th. CIBC lifted their price target on Brookfield Renewable Partners from $33.00 to $34.00 and gave the company an "outperformer" rating in a report on Tuesday, October 22nd. Royal Bank of Canada reiterated an "outperform" rating and set a $31.00 price target on shares of Brookfield Renewable Partners in a report on Wednesday, October 9th. Finally, UBS Group upgraded Brookfield Renewable Partners from a "neutral" rating to a "buy" rating and lifted their price target for the company from $24.00 to $31.00 in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Brookfield Renewable Partners currently has a consensus rating of "Moderate Buy" and an average target price of $31.78.

Brookfield Renewable Partners Stock Performance

NYSE BEP traded down $0.15 during trading on Tuesday, hitting $25.64. The company's stock had a trading volume of 344,660 shares, compared to its average volume of 499,323. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average price of $26.51 and a 200 day moving average price of $25.86. The firm has a market cap of $7.31 billion, a P/E ratio of -31.27 and a beta of 0.93. Brookfield Renewable Partners L.P. has a 52 week low of $19.92 and a 52 week high of $29.56.

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

Brookfield Renewable Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Renewable Partners's dividend payout ratio (DPR) is -173.17%.

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.