Sequoia Financial Advisors LLC Boosts Holdings in Brookfield Renewable Partners L.P. (NYSE:BEP)

Sequoia Financial Advisors LLC grew its position in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 12.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,631 shares of the utilities provider's stock after acquiring an additional 26,950 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.09% of Brookfield Renewable Partners worth $5,621,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of Brookfield Renewable Partners by 3.6% during the fourth quarter. HighTower Advisors LLC now owns 48,554 shares of the utilities provider's stock worth $1,107,000 after buying an additional 1,709 shares during the last quarter. Natural Investments LLC purchased a new position in shares of Brookfield Renewable Partners in the 4th quarter valued at approximately $1,147,000. AGF Management Ltd. increased its holdings in shares of Brookfield Renewable Partners by 3,234.7% in the fourth quarter. AGF Management Ltd. now owns 1,588,410 shares of the utilities provider's stock valued at $36,681,000 after purchasing an additional 1,540,777 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Brookfield Renewable Partners during the fourth quarter worth approximately $2,623,000. Finally, Promus Capital LLC acquired a new stake in shares of Brookfield Renewable Partners during the fourth quarter worth $37,000. 63.16% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a research note on Monday, February 3rd. Scotiabank raised their price objective 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. Wells Fargo & Company dropped their target price on Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Finally, CIBC decreased their price target 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. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Brookfield Renewable Partners presently has an average rating of "Moderate Buy" and an average target price of $30.50.

Brookfield Renewable Partners Price Performance

BEP stock traded up $0.11 during midday trading on Monday, hitting $22.86. 407,318 shares of the stock were exchanged, compared to its average volume of 810,608. 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 market cap of $6.51 billion, a price-to-earnings ratio of -25.69 and a beta of 1.02. Brookfield Renewable Partners L.P. has a fifty-two week low of $19.92 and a fifty-two week high of $29.56. The stock's 50-day moving average price is $22.12 and its 200-day moving average price is $24.34.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its quarterly earnings results 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 period last year, the firm earned $0.01 EPS. Research 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 company 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 dividend of $0.373 per share. This is a boost from Brookfield Renewable Partners's previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a dividend yield of 6.53%. The ex-dividend date is Friday, February 28th. Brookfield Renewable Partners's dividend payout ratio (DPR) is currently -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.