Guardian Partners Inc. Buys New Position in Brookfield Renewable Partners L.P. (NYSE:BEP)

Guardian Partners Inc. bought a new stake in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 66,459 shares of the utilities provider's stock, valued at approximately $1,504,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BEP. CIBC Asset Management Inc boosted its position in shares of Brookfield Renewable Partners by 23.8% during the fourth quarter. CIBC Asset Management Inc now owns 8,472,170 shares of the utilities provider's stock worth $192,605,000 after buying an additional 1,628,524 shares during the period. AGF Management Ltd. boosted its holdings in Brookfield Renewable Partners by 3,234.7% during the 4th quarter. AGF Management Ltd. now owns 1,588,410 shares of the utilities provider's stock valued at $36,681,000 after acquiring an additional 1,540,777 shares during the period. Principal Financial Group Inc. boosted its holdings in Brookfield Renewable Partners by 4.5% during the 3rd 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 during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Brookfield Renewable Partners by 28.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,480,927 shares of the utilities provider's stock valued at $33,687,000 after acquiring an additional 324,653 shares in the last quarter. Finally, Mirabella Financial Services LLP increased its stake in Brookfield Renewable Partners by 145.2% during the third quarter. Mirabella Financial Services LLP now owns 466,736 shares of the utilities provider's stock worth $13,153,000 after purchasing an additional 276,374 shares during the period. Hedge funds and other institutional investors own 63.16% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently commented on BEP shares. CIBC lowered their price objective on shares of 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. JPMorgan Chase & Co. decreased their price target 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. National Bankshares cut their price objective on 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 lowered Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. Finally, Scotiabank upped their price target on Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Brookfield Renewable Partners has a consensus rating of "Moderate Buy" and a consensus target price of $30.50.

Brookfield Renewable Partners Stock Down 0.8 %

NYSE BEP traded down $0.17 during trading on Thursday, reaching $22.40. 802,567 shares of the company's stock were exchanged, compared to its average volume of 555,678. Brookfield Renewable Partners L.P. has a 1 year low of $19.92 and a 1 year high of $29.56. The stock has a market cap of $6.38 billion, a P/E ratio of -25.16 and a beta of 1.02. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.25. The company has a 50 day moving average price of $22.28 and a two-hundred day moving average price of $24.25.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its earnings results on Friday, January 31st. The utilities provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.16. Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15%. During the same quarter in the previous year, the business earned $0.01 earnings per share. On average, equities research analysts anticipate that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.66%. This is an increase from Brookfield Renewable Partners's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable Partners's dividend payout ratio (DPR) is -167.42%.

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.