LPL Financial LLC Purchases 14,194 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

LPL Financial LLC lifted its stake in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 32.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,514 shares of the utilities provider's stock after purchasing an additional 14,194 shares during the period. LPL Financial LLC's holdings in Brookfield Renewable Partners were worth $1,311,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. CCLA Investment Management grew its holdings in shares of Brookfield Renewable Partners by 1.9% during the 4th quarter. CCLA Investment Management now owns 2,627,972 shares of the utilities provider's stock worth $59,838,000 after acquiring an additional 49,553 shares during the period. CIBC Asset Management Inc grew its holdings in Brookfield Renewable Partners by 23.8% in the fourth quarter. CIBC Asset Management Inc now owns 8,472,170 shares of the utilities provider's stock worth $192,605,000 after purchasing an additional 1,628,524 shares during the period. Abel Hall LLC purchased a new position in shares of Brookfield Renewable Partners during the fourth quarter valued at approximately $456,000. Raymond James Financial Inc. bought a new stake in shares of Brookfield Renewable Partners in the 4th quarter worth approximately $2,623,000. Finally, NINE MASTS CAPITAL Ltd raised its stake in Brookfield Renewable Partners by 240.0% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 137,573 shares of the utilities provider's stock valued at $3,135,000 after buying an additional 97,105 shares during the last quarter. Institutional investors own 63.16% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BEP shares. StockNews.com downgraded shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $31.00 target price on shares of Brookfield Renewable Partners in a research report on Monday, February 3rd. CIBC reduced their price target 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. cut their target price 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. Finally, Scotiabank increased their price target on Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.18.

Brookfield Renewable Partners Price Performance

Shares of NYSE:BEP traded up $0.32 during trading on Tuesday, hitting $21.83. 175,351 shares of the company's stock were exchanged, compared to its average volume of 578,891. The business's 50-day simple moving average is $22.33 and its 200 day simple moving average is $23.54. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73. Brookfield Renewable Partners L.P. has a 52-week low of $19.29 and a 52-week high of $29.56. The company has a market cap of $6.20 billion, a price-to-earnings ratio of -24.51 and a beta of 0.99.

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) earnings per share for the quarter, topping 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 quarter last year, the business earned $0.01 earnings per share. As a group, equities analysts predict that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current year.

Brookfield Renewable Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a dividend of $0.373 per share. This is an increase from Brookfield Renewable Partners's previous quarterly dividend of $0.36. The ex-dividend date was Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a yield of 6.84%. Brookfield Renewable Partners's dividend payout ratio is presently -167.42%.

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.