TD Waterhouse Canada Inc. Acquires 98,966 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

TD Waterhouse Canada Inc. lifted its holdings in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 17.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 681,400 shares of the utilities provider's stock after purchasing an additional 98,966 shares during the period. TD Waterhouse Canada Inc. owned about 0.24% of Brookfield Renewable Partners worth $15,398,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Natixis bought a new stake in Brookfield Renewable Partners in the fourth quarter worth about $949,000. Bank of Nova Scotia Trust Co. raised its holdings in shares of Brookfield Renewable Partners by 31.3% in the 4th quarter. Bank of Nova Scotia Trust Co. now owns 148,495 shares of the utilities provider's stock worth $3,384,000 after purchasing an additional 35,429 shares during the period. Barclays PLC lifted its stake in Brookfield Renewable Partners by 13.5% in the fourth quarter. Barclays PLC now owns 7,998 shares of the utilities provider's stock valued at $183,000 after purchasing an additional 951 shares during the last quarter. Advisors Capital Management LLC grew its holdings in Brookfield Renewable Partners by 0.5% during the fourth quarter. Advisors Capital Management LLC now owns 272,385 shares of the utilities provider's stock valued at $6,208,000 after purchasing an additional 1,292 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in Brookfield Renewable Partners by 1.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 338,517 shares of the utilities provider's stock worth $7,715,000 after buying an additional 3,897 shares during the last quarter. 63.16% of the stock is currently owned by institutional investors.

Brookfield Renewable Partners Stock Down 0.1 %

Shares of NYSE:BEP opened at $21.54 on Tuesday. The firm has a market capitalization of $6.12 billion, a PE ratio of -24.20 and a beta of 0.99. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.25. Brookfield Renewable Partners L.P. has a 52-week low of $19.29 and a 52-week high of $29.56. The firm has a fifty day moving average of $22.33 and a 200 day moving average of $23.54.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its quarterly earnings data on Friday, January 31st. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, topping 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 in the previous year, the company posted $0.01 earnings per share. As a group, research analysts anticipate that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal 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 $0.373 dividend. This is a boost from Brookfield Renewable Partners's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.93%. Brookfield Renewable Partners's dividend payout ratio is -167.42%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BEP. Scotiabank increased their price target 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. Barclays assumed coverage on shares of Brookfield Renewable Partners in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $27.00 target price for the company. National Bankshares reduced their price objective on shares of 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. 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. Finally, JPMorgan Chase & Co. decreased their price objective on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Brookfield Renewable Partners presently has an average rating of "Moderate Buy" and a consensus target price of $30.18.

About Brookfield Renewable Partners

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.

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