Natural Investments LLC Invests $1.15 Million in Brookfield Renewable Partners L.P. (NYSE:BEP)

Natural Investments LLC acquired a new position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,372 shares of the utilities provider's stock, valued at approximately $1,147,000.

Several other large investors also recently modified their holdings of BEP. AGF Management Ltd. boosted its stake in Brookfield Renewable Partners by 3,234.7% during the fourth quarter. AGF Management Ltd. now owns 1,588,410 shares of the utilities provider's stock worth $36,681,000 after acquiring an additional 1,540,777 shares in the last quarter. Raymond James Financial Inc. bought a new position in Brookfield Renewable Partners during the fourth quarter worth $2,623,000. Promus Capital LLC bought a new position in Brookfield Renewable Partners during the fourth quarter worth $37,000. Steward Partners Investment Advisory LLC boosted its stake in Brookfield Renewable Partners by 81.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock worth $71,000 after acquiring an additional 1,391 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd boosted 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 worth $3,135,000 after acquiring an additional 97,105 shares in the last quarter. 63.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BEP has been the topic of a number of recent 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 research note on Monday, February 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners 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 note on Tuesday, February 25th. National Bankshares dropped their price objective on shares of 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. Finally, Scotiabank raised their price target on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.50.

Remove Ads

Brookfield Renewable Partners Stock Down 1.1 %

Shares of Brookfield Renewable Partners stock opened at $22.85 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73. The company has a 50-day moving average of $22.13 and a 200 day moving average of $24.38. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of -25.67 and a beta of 1.02. Brookfield Renewable Partners L.P. has a 1 year low of $19.92 and a 1 year high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last announced its quarterly earnings data 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 quarter in the prior year, the business posted $0.01 EPS. As a group, sell-side analysts anticipate that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.373 dividend. This is an increase from Brookfield Renewable Partners's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.53%. Brookfield Renewable Partners's dividend payout ratio (DPR) is presently -167.42%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.