Aviso Financial Inc. Boosts Position in Brookfield Renewable Partners L.P. (NYSE:BEP)

Aviso Financial Inc. lifted its position in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 21.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,841 shares of the utilities provider’s stock after purchasing an additional 1,553 shares during the period. Aviso Financial Inc.’s holdings in Brookfield Renewable Partners were worth $201,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Brookfield Renewable Partners during the 3rd quarter worth approximately $28,000. Promus Capital LLC bought a new position in shares of Brookfield Renewable Partners in the fourth quarter worth $37,000. Jones Financial Companies Lllp raised its position in shares of Brookfield Renewable Partners by 26.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider’s stock worth $59,000 after buying an additional 537 shares in the last quarter. Allworth Financial LP bought a new stake in Brookfield Renewable Partners during the fourth quarter valued at $68,000. Finally, Steward Partners Investment Advisory LLC grew its position in Brookfield Renewable Partners by 81.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider’s stock worth $71,000 after buying an additional 1,391 shares in the last quarter. 63.16% of the stock is currently owned by institutional investors.

Brookfield Renewable Partners Price Performance

Shares of NYSE:BEP opened at $22.78 on Friday. The company’s fifty day moving average is $22.12 and its 200 day moving average is $24.35. 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 L.P. has a 52 week low of $19.92 and a 52 week high of $29.56. The stock has a market cap of $6.50 billion, a PE ratio of -25.60 and a beta of 1.02.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings data on Friday, January 31st. The utilities provider reported ($0.06) EPS for the quarter, topping 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 in the prior year, the company earned $0.01 EPS. Research analysts anticipate that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current year.

Brookfield Renewable Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.36. Brookfield Renewable Partners’s dividend payout ratio is -167.42%.

Analyst Upgrades and Downgrades

BEP has been the topic of several recent analyst reports. StockNews.com cut Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. CIBC dropped their target price on shares of Brookfield Renewable Partners from $32.00 to $31.00 and set an “outperformer” rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $31.00 price target on shares of Brookfield Renewable Partners in a report on Monday, February 3rd. Wells Fargo & Company dropped their price objective on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, Scotiabank upped their target price on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Brookfield Renewable Partners has an average rating of “Moderate Buy” and an average price target of $30.50.

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.