Brookfield Renewable Partners L.P. (NYSE:BEP) Stock Holdings Increased by Mirabella Financial Services LLP

Mirabella Financial Services LLP lifted its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 145.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 466,736 shares of the utilities provider's stock after purchasing an additional 276,374 shares during the quarter. Mirabella Financial Services LLP owned about 0.16% of Brookfield Renewable Partners worth $13,153,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Brookfield Renewable Partners by 86.5% during the third quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider's stock worth $27,000 after buying an additional 442 shares during the period. Clear Point Advisors Inc. purchased a new stake in Brookfield Renewable Partners during the 1st quarter worth $49,000. Waverton Investment Management Ltd acquired a new stake in Brookfield Renewable Partners in the 3rd quarter valued at $178,000. Creative Planning purchased a new position in Brookfield Renewable Partners in the third quarter valued at about $206,000. Finally, Aspiriant LLC acquired a new position in shares of Brookfield Renewable Partners during the third quarter worth about $241,000. Institutional investors and hedge funds own 63.16% of the company's stock.

Wall Street Analysts Forecast Growth

BEP has been the subject of a number of recent research reports. UBS Group upgraded Brookfield Renewable Partners from a "neutral" rating to a "buy" rating and increased their target price for the company from $24.00 to $31.00 in a research note on Monday, September 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a research report on Wednesday, October 9th. StockNews.com cut shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research report on Friday, August 2nd. CIBC lifted their price target on shares of Brookfield Renewable Partners from $33.00 to $34.00 and gave the stock an "outperformer" rating in a research note on Tuesday, October 22nd. Finally, 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 research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Brookfield Renewable Partners presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.78.

Brookfield Renewable Partners Stock Up 2.1 %

BEP stock traded up $0.52 during mid-day trading on Monday, hitting $25.69. 440,539 shares of the company were exchanged, compared to its average volume of 478,006. The company has a market capitalization of $7.32 billion, a PE ratio of -30.69 and a beta of 0.95. The firm has a fifty day simple moving average of $26.59 and a 200 day simple moving average of $25.94. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. Brookfield Renewable Partners L.P. has a twelve month low of $19.92 and a twelve month high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its quarterly earnings results on Friday, November 8th. The utilities provider reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.28). Brookfield Renewable Partners had a net margin of 1.16% and a return on equity of 0.24%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $843.18 million. During the same period last year, the firm posted ($0.14) earnings per share. On average, research analysts forecast that Brookfield Renewable Partners L.P. will post -0.57 earnings per share for the current fiscal year.

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 paid a $0.355 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.42 annualized dividend and a dividend yield of 5.53%. Brookfield Renewable Partners's payout ratio is -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.