Creative Planning bought a new stake in Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,361 shares of the utilities provider’s stock, valued at approximately $203,000.
A number of other large investors have also recently modified their holdings of BEP. Usca Ria LLC bought a new stake in shares of Brookfield Renewable Partners during the third quarter worth $30,000. Coastal Investment Advisors Inc. bought a new stake in shares of Brookfield Renewable Partners during the third quarter worth $32,000. Huntington National Bank increased its position in shares of Brookfield Renewable Partners by 128.3% during the third quarter. Huntington National Bank now owns 1,486 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 835 shares in the last quarter. Winthrop Partners WNY LLC bought a new stake in shares of Brookfield Renewable Partners during the third quarter worth $203,000. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Brookfield Renewable Partners during the fourth quarter worth $206,000. 52.72% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on BEP. Wells Fargo & Co increased their price objective on shares of Brookfield Renewable Partners from $51.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Raymond James reaffirmed a “market perform” rating and issued a $48.00 target price on shares of Brookfield Renewable Partners in a research report on Monday, February 10th. Credit Suisse Group downgraded shares of Brookfield Renewable Partners from a “neutral” rating to an “underperform” rating in a research report on Monday, February 3rd. National Bank Financial raised their target price on shares of Brookfield Renewable Partners from $50.00 to $53.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, ValuEngine downgraded shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.56.
Brookfield Renewable Partners stock opened at $54.49 on Friday. The company has a market cap of $9.75 billion, a P/E ratio of -286.79 and a beta of 0.53. Brookfield Renewable Partners LP has a 1-year low of $29.17 and a 1-year high of $54.56. The company has a fifty day simple moving average of $48.14 and a 200 day simple moving average of $42.90. The company has a current ratio of 0.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.66.
Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its earnings results on Thursday, February 6th. The utilities provider reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.29). The business had revenue of $726.00 million during the quarter. Brookfield Renewable Partners had a net margin of 5.74% and a return on equity of 1.04%.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 28th will be paid a $0.543 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.17 dividend on an annualized basis and a yield of 3.99%. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.52. Brookfield Renewable Partners’s dividend payout ratio (DPR) is currently -1,084.21%.
Brookfield Renewable Partners Profile
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydro, wind, solar, cogeneration, and biomass sources. Its portfolio consists of approximately 17,400 megawatts of installed capacity.
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