20,175 Shares in Brookfield Renewable Partners L.P. $BEP Purchased by TABR Capital Management LLC

TABR Capital Management LLC acquired a new stake in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 20,175 shares of the utilities provider’s stock, valued at approximately $544,000.

Several other institutional investors have also modified their holdings of BEP. HB Wealth Management LLC bought a new position in shares of Brookfield Renewable Partners during the 3rd quarter valued at approximately $979,000. Ovata Capital Management Ltd bought a new stake in Brookfield Renewable Partners in the third quarter worth $4,511,000. Principal Financial Group Inc. lifted its position in Brookfield Renewable Partners by 16.2% in the third quarter. Principal Financial Group Inc. now owns 10,127,549 shares of the utilities provider’s stock worth $261,189,000 after buying an additional 1,414,837 shares during the last quarter. Citigroup Inc. boosted its stake in Brookfield Renewable Partners by 246.1% during the third quarter. Citigroup Inc. now owns 169,621 shares of the utilities provider’s stock worth $4,373,000 after buying an additional 120,618 shares during the period. Finally, Picton Mahoney Asset Management boosted its stake in Brookfield Renewable Partners by 95.6% during the third quarter. Picton Mahoney Asset Management now owns 1,070,639 shares of the utilities provider’s stock worth $27,589,000 after buying an additional 523,263 shares during the period. 63.16% of the stock is owned by institutional investors.

Brookfield Renewable Partners Stock Performance

BEP stock opened at $32.43 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.80. The business’s fifty day simple moving average is $32.14 and its two-hundred day simple moving average is $29.81. Brookfield Renewable Partners L.P. has a twelve month low of $21.60 and a twelve month high of $35.97. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of -124.73 and a beta of 1.09.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its earnings results on Friday, January 30th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.88. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. Brookfield Renewable Partners had a return on equity of 2.15% and a net margin of 11.11%. Analysts predict that Brookfield Renewable Partners L.P. will post -0.83 earnings per share for the current year.

Brookfield Renewable Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were issued a dividend of $0.392 per share. This represents a $1.57 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Friday, February 27th. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.37. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -603.85%.

Analyst Upgrades and Downgrades

BEP has been the topic of several recent analyst reports. National Bank Financial increased their target price on shares of Brookfield Renewable Partners from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Brookfield Renewable Partners in a research note on Friday, March 27th. Barclays set a $28.00 price target on shares of Brookfield Renewable Partners and gave the company an “equal weight” rating in a report on Friday, January 23rd. Wall Street Zen raised shares of Brookfield Renewable Partners from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Morgan Stanley raised their price objective on shares of Brookfield Renewable Partners from $38.00 to $42.00 and gave the stock an “overweight” rating in a research note on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.93.

Brookfield Renewable Partners Profile

Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy.

The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.