Lincluden Management Ltd. Lowers Holdings in Brookfield Renewable Partners L.P. (NYSE:BEP)

Lincluden Management Ltd. lessened its holdings in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 656,251 shares of the utilities provider's stock after selling 25,348 shares during the quarter. Brookfield Renewable Partners makes up 2.0% of Lincluden Management Ltd.'s portfolio, making the stock its 15th biggest position. Lincluden Management Ltd. owned 0.23% of Brookfield Renewable Partners worth $18,518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Brookfield Renewable Partners by 86.5% during the third quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider's stock valued at $27,000 after buying an additional 442 shares during the last quarter. Evermay Wealth Management LLC purchased a new position in Brookfield Renewable Partners in the first quarter worth about $49,000. Clear Point Advisors Inc. purchased a new position in Brookfield Renewable Partners in the first quarter worth about $49,000. PNC Financial Services Group Inc. boosted its position in Brookfield Renewable Partners by 17.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,926 shares of the utilities provider's stock worth $156,000 after purchasing an additional 900 shares during the last quarter. Finally, Creative Planning purchased a new position in Brookfield Renewable Partners in the third quarter worth about $206,000. Institutional investors own 63.16% of the company's stock.

Wall Street Analysts Forecast Growth

BEP has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Brookfield Renewable Partners from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Thursday, October 17th. Royal Bank of Canada restated an "outperform" rating and set a $31.00 price target on shares of Brookfield Renewable Partners in a report on Wednesday, October 9th. National Bankshares raised their price target on Brookfield Renewable Partners from $32.00 to $33.00 and gave the company an "outperform" rating in a report on Friday, July 19th. StockNews.com cut Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a report on Friday, August 2nd. Finally, UBS Group upgraded Brookfield Renewable Partners from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $24.00 to $31.00 in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Brookfield Renewable Partners currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.78.

Brookfield Renewable Partners Stock Performance

Shares of BEP traded down $0.44 during mid-day trading on Friday, reaching $25.22. The company had a trading volume of 517,546 shares, compared to its average volume of 476,346. The stock has a market capitalization of $7.19 billion, a P/E ratio of -39.98 and a beta of 0.94. Brookfield Renewable Partners L.P. has a 52-week low of $19.92 and a 52-week high of $29.56. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.91. The stock has a 50 day moving average of $26.37 and a two-hundred day moving average of $25.55.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its quarterly earnings results on Friday, August 2nd. The utilities provider reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.41). Brookfield Renewable Partners had a net margin of 2.37% and a return on equity of 0.46%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the business posted ($0.10) EPS. Brookfield Renewable Partners's revenue for the quarter was up 23.0% compared to the same quarter last year. On average, analysts expect that Brookfield Renewable Partners L.P. will post -0.57 earnings per share for the current year.

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.