CIBC Private Wealth Group LLC Has $18.98 Million Position in Brookfield Renewable Partners L.P. (NYSE:BEP)

CIBC Private Wealth Group LLC lowered its position in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 838,639 shares of the utilities provider's stock after selling 77,847 shares during the period. CIBC Private Wealth Group LLC owned 0.29% of Brookfield Renewable Partners worth $18,978,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Brookfield Renewable Partners during the 3rd quarter valued at $28,000. Promus Capital LLC acquired a new stake in shares of Brookfield Renewable Partners in the fourth quarter valued at $37,000. Jones Financial Companies Lllp increased its stake in shares of Brookfield Renewable Partners by 26.2% in the fourth 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 in the last quarter. Allworth Financial LP bought a new position in shares of Brookfield Renewable Partners in the fourth quarter valued at about $68,000. Finally, Steward Partners Investment Advisory LLC lifted its position in 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 worth $71,000 after buying an additional 1,391 shares in the last quarter. Institutional investors own 63.16% of the company's stock.

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Brookfield Renewable Partners Trading Down 8.5 %

NYSE:BEP traded down $1.92 during mid-day trading on Friday, hitting $20.54. The company had a trading volume of 1,157,706 shares, compared to its average volume of 572,764. The firm has a market cap of $5.85 billion, a P/E ratio of -23.08 and a beta of 0.99. Brookfield Renewable Partners L.P. has a fifty-two week low of $19.92 and a fifty-two week high of $29.56. The business's fifty day moving average is $22.45 and its two-hundred day moving average is $24.10. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.25.

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

Brookfield Renewable Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 7.26%. This is a boost from Brookfield Renewable Partners's previous quarterly dividend of $0.36. The ex-dividend date was Friday, February 28th. Brookfield Renewable Partners's dividend payout ratio (DPR) is currently -167.42%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BEP. JPMorgan Chase & Co. lowered their price objective on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. StockNews.com lowered Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. Scotiabank boosted their target price on Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. CIBC cut 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Brookfield Renewable Partners presently has an average 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.