Brookfield Renewable Partners L.P. (NYSE:BEP) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 102.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,106,264 shares of the utilities provider's stock after purchasing an additional 1,065,590 shares during the quarter. National Bank of Canada FI owned 0.74% of Brookfield Renewable Partners worth $48,023,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Brookfield Renewable Partners in the 3rd quarter worth about $28,000. Promus Capital LLC acquired a new position in Brookfield Renewable Partners during the fourth quarter worth about $37,000. Jones Financial Companies Lllp grew its position in shares of Brookfield Renewable Partners by 26.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider's stock valued at $59,000 after purchasing an additional 537 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Brookfield Renewable Partners in the fourth quarter valued at approximately $68,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Brookfield Renewable Partners by 81.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock worth $71,000 after purchasing an additional 1,391 shares during the last quarter. 63.16% of the stock is currently owned by hedge funds and other institutional investors.

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Brookfield Renewable Partners Stock Down 0.6 %

BEP stock traded down $0.14 during midday trading on Thursday, hitting $22.43. 1,318,734 shares of the company's stock were exchanged, compared to its average volume of 569,782. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of -25.20 and a beta of 1.02. The company has a current ratio of 0.25, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average price of $22.47 and a 200-day moving average price of $24.15. Brookfield Renewable Partners L.P. has a 12-month low of $19.92 and a 12-month high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its quarterly earnings results on Friday, January 31st. The utilities provider reported ($0.06) earnings per share (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 previous year, the firm earned $0.01 EPS. On average, analysts anticipate that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current year.

Brookfield Renewable Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a dividend of $0.373 per share. This is a positive change from Brookfield Renewable Partners's previous quarterly dividend of $0.36. The ex-dividend date was Friday, February 28th. This represents a $1.49 annualized dividend and a yield of 6.65%. Brookfield Renewable Partners's payout ratio is presently -167.42%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BEP. Wells Fargo & Company cut their target price on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. StockNews.com lowered 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 reaffirmed an "outperform" rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a research report on Monday, February 3rd. National Bankshares reduced their target price 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. Finally, Barclays began coverage on Brookfield Renewable Partners in a research note on Wednesday. They issued an "equal weight" rating and a $27.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.18.

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.