National Bank of Canada FI Buys 25,916 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

National Bank of Canada FI raised its stake in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,040,674 shares of the utilities provider's stock after buying an additional 25,916 shares during the quarter. National Bank of Canada FI owned 0.37% of Brookfield Renewable Partners worth $29,326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of Brookfield Renewable Partners by 86.5% in the 3rd quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider's stock valued at $27,000 after buying an additional 442 shares in the last quarter. Waverton Investment Management Ltd bought a new stake in Brookfield Renewable Partners in the third quarter worth approximately $178,000. Creative Planning bought a new stake in Brookfield Renewable Partners in the third quarter worth approximately $206,000. Cadence Bank acquired a new position in shares of Brookfield Renewable Partners during the 3rd quarter worth $212,000. Finally, Aspiriant LLC bought a new position in shares of Brookfield Renewable Partners during the 3rd quarter valued at $241,000. Hedge funds and other institutional investors own 63.16% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Thursday, October 17th. CIBC increased their price objective on Brookfield Renewable Partners from $33.00 to $34.00 and gave the company an "outperformer" rating in a report on Tuesday, October 22nd. Royal Bank of Canada restated an "outperform" rating and issued a $31.00 target price on shares of Brookfield Renewable Partners in a report on Wednesday, October 9th. Finally, UBS Group upgraded Brookfield Renewable Partners from a "neutral" rating to a "buy" rating and increased their price target for the company from $24.00 to $31.00 in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.78.

Brookfield Renewable Partners Stock Performance

NYSE:BEP traded down $0.22 during trading hours on Monday, hitting $24.01. 773,263 shares of the company traded hands, compared to its average volume of 484,445. 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. The firm has a 50-day moving average of $26.22 and a 200 day moving average of $25.76. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of -29.28 and a beta of 0.93.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last announced its quarterly earnings data on Friday, November 8th. The utilities provider reported ($0.32) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $843.18 million. During the same period in the prior year, the company posted ($0.14) EPS. On average, analysts forecast that Brookfield Renewable Partners L.P. will post -0.88 EPS for the current year.

Brookfield Renewable Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Renewable Partners's payout ratio is -173.17%.

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.