NINE MASTS CAPITAL Ltd Grows Holdings in Brookfield Renewable Partners L.P. (NYSE:BEP)

NINE MASTS CAPITAL Ltd increased its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 240.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,573 shares of the utilities provider's stock after purchasing an additional 97,105 shares during the period. Brookfield Renewable Partners accounts for about 0.5% of NINE MASTS CAPITAL Ltd's holdings, making the stock its 16th biggest holding. NINE MASTS CAPITAL Ltd's holdings in Brookfield Renewable Partners were worth $3,135,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BEP. CCLA Investment Management increased its holdings in shares of Brookfield Renewable Partners by 1.9% during the 4th quarter. CCLA Investment Management now owns 2,627,972 shares of the utilities provider's stock worth $59,838,000 after buying an additional 49,553 shares during the last quarter. CIBC Asset Management Inc grew its position in Brookfield Renewable Partners by 23.8% in the fourth quarter. CIBC Asset Management Inc now owns 8,472,170 shares of the utilities provider's stock worth $192,605,000 after acquiring an additional 1,628,524 shares during the period. Abel Hall LLC acquired a new stake in Brookfield Renewable Partners during the fourth quarter worth $456,000. Intact Investment Management Inc. acquired a new stake in Brookfield Renewable Partners during the third quarter worth $42,331,000. Finally, MAI Capital Management raised its position in Brookfield Renewable Partners by 294.2% in the third quarter. MAI Capital Management now owns 86,683 shares of the utilities provider's stock valued at $2,443,000 after purchasing an additional 64,695 shares during the period. 63.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on BEP shares. Royal Bank of Canada restated an "outperform" rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a report on Monday, February 3rd. Scotiabank raised their price target on Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. cut their price objective on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. CIBC decreased their target price on 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. Finally, National Bankshares dropped their target price on Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $30.50.

Brookfield Renewable Partners Stock Down 3.6 %

Shares of BEP stock traded down $0.82 during trading hours on Monday, reaching $21.69. 719,759 shares of the stock were exchanged, compared to its average volume of 860,556. The business's fifty day moving average is $22.24 and its two-hundred day moving average is $24.47. The firm has a market capitalization of $6.19 billion, a P/E ratio of -24.37 and a beta of 0.95. Brookfield Renewable Partners L.P. has a 12-month low of $19.92 and a 12-month high of $29.56. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73.

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 analysts' consensus estimates 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 prior year, the firm posted $0.01 EPS. As a group, research analysts expect that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.373 dividend. This is a positive change from Brookfield Renewable Partners's previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a yield of 6.88%. The ex-dividend date is Friday, February 28th. Brookfield Renewable Partners's dividend payout ratio is currently -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.