Brookfield Renewable Partners L.P. (NYSE:BEP) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 50.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,051 shares of the utilities provider's stock after selling 16,486 shares during the quarter. Private Advisor Group LLC's holdings in Brookfield Renewable Partners were worth $366,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Brookfield Renewable Partners in the third quarter valued at approximately $28,000. Allworth Financial LP acquired a new stake in shares of Brookfield Renewable Partners in the fourth quarter valued at approximately $68,000. Waverton Investment Management Ltd acquired a new stake in shares of Brookfield Renewable Partners in the third quarter valued at approximately $178,000. Barclays PLC increased its stake in Brookfield Renewable Partners by 40.6% during the third quarter. Barclays PLC now owns 7,047 shares of the utilities provider's stock worth $199,000 after acquiring an additional 2,036 shares during the last quarter. Finally, Creative Planning acquired a new stake in Brookfield Renewable Partners during the third quarter worth $206,000. Institutional investors and hedge funds own 63.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BEP. JPMorgan Chase & Co. cut their target price on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company cut their target price on Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada reissued an "outperform" rating and set a $31.00 target price on shares of Brookfield Renewable Partners in a research note on Monday, February 3rd. Scotiabank raised their target price on Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, National Bankshares cut their target price on Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.50.

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Brookfield Renewable Partners Stock Up 2.6 %

NYSE:BEP traded up $0.57 during midday trading on Friday, reaching $22.51. The company had a trading volume of 489,934 shares, compared to its average volume of 834,880. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of -25.30 and a beta of 1.02. The stock's fifty day simple moving average is $22.13 and its 200-day simple moving average is $24.39. 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 current ratio of 0.25, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its earnings results on Friday, January 31st. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.16. Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15%. During the same period last year, the firm earned $0.01 earnings per share. On average, 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 business also recently announced 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. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Renewable Partners's previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a yield of 6.63%. Brookfield Renewable Partners's dividend payout ratio (DPR) is -167.42%.

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.