Toronto Dominion Bank Has $48.91 Million Stock Position in Brookfield Renewable Partners L.P. (NYSE:BEP)

Toronto Dominion Bank grew its holdings in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 11.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,735,462 shares of the utilities provider's stock after purchasing an additional 173,882 shares during the quarter. Toronto Dominion Bank owned about 0.61% of Brookfield Renewable Partners worth $48,905,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BEP. Cetera Advisors LLC acquired a new stake in Brookfield Renewable Partners in the 1st quarter valued at about $243,000. SeaCrest Wealth Management LLC bought a new position in Brookfield Renewable Partners in the 2nd quarter valued at $491,000. Liontrust Investment Partners LLP bought a new position in Brookfield Renewable Partners in the second quarter valued at about $14,862,000. Gold Investment Management Ltd. grew its position in shares of Brookfield Renewable Partners by 2.1% during the 2nd quarter. Gold Investment Management Ltd. now owns 79,636 shares of the utilities provider's stock worth $1,970,000 after buying an additional 1,610 shares during the period. Finally, HB Wealth Management LLC bought a new position in Brookfield Renewable Partners in the second quarter valued at approximately $941,000. 63.16% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Partners Stock Down 1.1 %

Shares of Brookfield Renewable Partners stock traded down $0.25 during trading hours on Thursday, reaching $23.83. 764,383 shares of the company's stock were exchanged, compared to its average volume of 487,610. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average of $26.06 and a two-hundred day moving average of $25.71. The stock has a market cap of $6.79 billion, a P/E ratio of -29.12 and a beta of 0.93. Brookfield Renewable Partners L.P. has a fifty-two week low of $19.92 and a fifty-two week high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its quarterly earnings data on Friday, November 8th. The utilities provider reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.28). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $843.18 million. Brookfield Renewable Partners had a net margin of 1.16% and a return on equity of 0.24%. During the same period in the previous year, the company posted ($0.14) EPS. On average, sell-side analysts forecast that Brookfield Renewable Partners L.P. will post -0.88 EPS for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Renewable Partners's dividend payout ratio (DPR) is presently -173.17%.

Wall Street Analysts Forecast Growth

BEP has been the subject of several recent research reports. CIBC upped their target price on shares of Brookfield Renewable Partners from $33.00 to $34.00 and gave the company an "outperformer" rating in a research report on Tuesday, October 22nd. StockNews.com upgraded Brookfield Renewable Partners from a "sell" rating to a "hold" rating in a report on Monday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $31.00 price target on shares of Brookfield Renewable Partners in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of Brookfield Renewable Partners from a "neutral" rating to an "overweight" rating and set a $30.00 price target on the stock in a research report on Thursday. Finally, UBS Group upgraded shares of Brookfield Renewable Partners from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $24.00 to $31.00 in a report on Monday, September 30th. One analyst has rated the stock with a hold rating, seven have issued 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 "Buy" and an average price target of $31.89.

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.