50,372 Shares in Brookfield Renewable Partners L.P. (NYSE:BEP) Bought by Natural Investments LLC

Natural Investments LLC acquired a new position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) in the 4th quarter, Holdings Channel.com reports. The fund acquired 50,372 shares of the utilities provider’s stock, valued at approximately $1,147,000.

A number of other large investors have also recently made changes to their positions in BEP. Stifel Financial Corp raised its holdings in shares of Brookfield Renewable Partners by 1.3% in the third quarter. Stifel Financial Corp now owns 31,214 shares of the utilities provider’s stock valued at $880,000 after acquiring an additional 403 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Brookfield Renewable Partners by 26.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 537 shares in the last quarter. HighTower Advisors LLC boosted its position in Brookfield Renewable Partners by 1.6% in the third quarter. HighTower Advisors LLC now owns 46,845 shares of the utilities provider’s stock valued at $1,321,000 after buying an additional 749 shares during the last quarter. Apollon Wealth Management LLC boosted its position in Brookfield Renewable Partners by 7.2% in the third quarter. Apollon Wealth Management LLC now owns 13,999 shares of the utilities provider’s stock valued at $394,000 after buying an additional 945 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Brookfield Renewable Partners in the 3rd quarter worth approximately $28,000. 63.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BEP has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $31.00 target price on shares of Brookfield Renewable Partners in a research report on Monday, February 3rd. CIBC cut their target price on Brookfield Renewable Partners from $32.00 to $31.00 and set an “outperformer” rating for the company in a research note on Monday, February 3rd. National Bankshares cut their target price on 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. StockNews.com cut Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their price target on Brookfield Renewable Partners from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Brookfield Renewable Partners currently has an average rating of “Moderate Buy” and a consensus target price of $30.50.

Brookfield Renewable Partners Stock Performance

NYSE BEP opened at $22.85 on Wednesday. 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 has a market cap of $6.52 billion, a price-to-earnings ratio of -25.67 and a beta of 1.02. The business has a fifty day moving average of $22.13 and a 200-day moving average of $24.38. The company has a quick ratio of 0.73, a current ratio of 0.25 and a debt-to-equity ratio of 0.93.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its 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 return on equity of 0.03% and a negative net margin of 0.15%. During the same period last year, the company earned $0.01 earnings per share. As a group, analysts predict that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.373 dividend. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a yield of 6.53%. The ex-dividend date is Friday, February 28th. Brookfield Renewable Partners’s dividend payout ratio is presently -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.