Fiera Capital Corp Sells 31,147 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

Fiera Capital Corp reduced its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 74.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,869 shares of the utilities provider's stock after selling 31,147 shares during the period. Fiera Capital Corp's holdings in Brookfield Renewable Partners were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Gold Investment Management Ltd. grew its holdings in Brookfield Renewable Partners by 1.9% during the 3rd quarter. Gold Investment Management Ltd. now owns 81,141 shares of the utilities provider's stock worth $2,289,000 after acquiring an additional 1,505 shares during the period. Principal Financial Group Inc. increased its holdings in shares of 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 valued at $214,328,000 after acquiring an additional 330,648 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in Brookfield Renewable Partners during the 3rd quarter valued at $348,000. Intact Investment Management Inc. bought a new position in shares of Brookfield Renewable Partners in the third quarter valued at $42,331,000. Finally, Tyche Wealth Partners LLC acquired a new stake in shares of Brookfield Renewable Partners in the 3rd quarter worth about $277,000. 63.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BEP has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $31.00 price objective on shares of Brookfield Renewable Partners in a report on Wednesday, October 9th. National Bankshares raised their target price on Brookfield Renewable Partners from $32.00 to $33.00 and gave the company an "outperform" rating in a research report on Friday, July 19th. CIBC boosted their price target on shares of Brookfield Renewable Partners from $33.00 to $34.00 and gave the stock an "outperformer" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Thursday, October 17th. Finally, StockNews.com downgraded shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $31.78.

Brookfield Renewable Partners Stock Performance

Shares of Brookfield Renewable Partners stock traded down $0.32 during trading on Monday, hitting $26.10. The stock had a trading volume of 188,365 shares, compared to its average volume of 477,580. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.91. Brookfield Renewable Partners L.P. has a 12 month low of $19.92 and a 12 month high of $29.56. The business's 50-day moving average is $26.52 and its 200 day moving average is $25.84.

Brookfield Renewable Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.355 per share. The ex-dividend date is Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.44%. Brookfield Renewable Partners's dividend payout ratio (DPR) is presently -173.17%.

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.