NEOS Investment Management LLC Invests $265,000 in Brookfield Renewable Partners L.P. (NYSE:BEP)

NEOS Investment Management LLC bought a new position in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 11,640 shares of the utilities provider's stock, valued at approximately $265,000.

Several other large investors also recently added to or reduced their stakes in BEP. Wilmington Savings Fund Society FSB bought a new position in shares of Brookfield Renewable Partners during the third quarter valued at about $28,000. Promus Capital LLC bought a new stake in shares of Brookfield Renewable Partners during the 4th quarter valued at about $37,000. Jones Financial Companies Lllp increased its position in shares of Brookfield Renewable Partners by 26.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider's stock valued at $59,000 after buying an additional 537 shares during the period. Allworth Financial LP bought a new position in Brookfield Renewable Partners in the fourth quarter worth about $68,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Brookfield Renewable Partners by 81.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock worth $71,000 after buying an additional 1,391 shares during the period. Institutional investors own 63.16% of the company's stock.

Brookfield Renewable Partners Trading Down 8.5 %

NYSE BEP traded down $1.92 during trading on Friday, hitting $20.54. The stock had a trading volume of 1,157,706 shares, compared to its average volume of 572,764. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.25. The stock has a 50 day simple moving average of $22.45 and a 200 day simple moving average of $24.10. Brookfield Renewable Partners L.P. has a one year low of $19.92 and a one year high of $29.56. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of -23.08 and a beta of 0.99.

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Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its quarterly earnings data 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 business posted $0.01 earnings per share. Sell-side analysts predict that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current year.

Brookfield Renewable Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a dividend of $0.373 per share. The ex-dividend date was Friday, February 28th. This is an increase from Brookfield Renewable Partners's previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a dividend yield of 7.26%. Brookfield Renewable Partners's dividend payout ratio (DPR) is currently -167.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. CIBC lowered their target price on 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. Royal Bank of Canada reissued an "outperform" rating and issued a $31.00 price target on shares of Brookfield Renewable Partners in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on 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. Scotiabank boosted their target price on Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, National Bankshares dropped their price target 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. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Brookfield Renewable Partners currently has an average rating of "Moderate Buy" and a consensus target price of $30.18.

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.