Lincluden Management Ltd. Acquires 30,513 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

Lincluden Management Ltd. boosted its position in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 686,764 shares of the utilities provider's stock after buying an additional 30,513 shares during the quarter. Brookfield Renewable Partners makes up about 1.9% of Lincluden Management Ltd.'s holdings, making the stock its 16th biggest position. Lincluden Management Ltd. owned about 0.24% of Brookfield Renewable Partners worth $15,642,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BEP. Creative Planning acquired a new stake in Brookfield Renewable Partners in the 3rd quarter valued at approximately $206,000. Private Advisor Group LLC increased its position in Brookfield Renewable Partners by 47.8% during the third quarter. Private Advisor Group LLC now owns 32,537 shares of the utilities provider's stock worth $917,000 after acquiring an additional 10,521 shares during the period. International Assets Investment Management LLC bought a new position in Brookfield Renewable Partners during the third quarter worth $4,880,000. Arkadios Wealth Advisors acquired a new position in Brookfield Renewable Partners during the 3rd quarter valued at $272,000. Finally, SFE Investment Counsel boosted its holdings in Brookfield Renewable Partners by 3.4% in the 3rd quarter. SFE Investment Counsel now owns 53,708 shares of the utilities provider's stock valued at $1,513,000 after purchasing an additional 1,781 shares during the period. Institutional investors own 63.16% of the company's stock.

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Analyst Ratings Changes

BEP has been the topic of several research reports. CIBC dropped their price objective on shares of Brookfield Renewable Partners from $32.00 to $31.00 and set an "outperformer" rating on the stock in a report on Monday, February 3rd. National Bankshares lowered their price target on Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. StockNews.com downgraded Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research report on Tuesday. Scotiabank boosted their price objective on Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their target price on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.50.

Brookfield Renewable Partners Price Performance

BEP stock traded down $0.34 during trading on Friday, hitting $22.51. The company had a trading volume of 589,248 shares, compared to its average volume of 864,168. The company has a fifty day moving average price of $22.25 and a two-hundred day moving average price of $24.48. Brookfield Renewable Partners L.P. has a fifty-two week low of $19.92 and a fifty-two week high of $29.56. The company has a market cap of $6.42 billion, a P/E ratio of -25.29 and a beta of 0.95. The company has a current ratio of 0.25, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93.

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, beating the consensus estimate 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 firm posted $0.01 EPS. Equities research analysts expect that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a yield of 6.63%. This is a boost from Brookfield Renewable Partners's previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 28th. Brookfield Renewable Partners's dividend payout ratio is currently -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.