Guardian Partners Inc. Purchases Shares of 66,459 Brookfield Renewable Partners L.P. (NYSE:BEP)

Guardian Partners Inc. purchased a new stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 66,459 shares of the utilities provider’s stock, valued at approximately $1,504,000.

Several other institutional investors also recently bought and sold shares of BEP. Mirabella Financial Services LLP raised its holdings in Brookfield Renewable Partners by 145.2% in the 3rd quarter. Mirabella Financial Services LLP now owns 466,736 shares of the utilities provider’s stock valued at $13,153,000 after acquiring an additional 276,374 shares during the last quarter. Bank of Montreal Can raised its holdings in Brookfield Renewable Partners by 0.4% in the 3rd quarter. Bank of Montreal Can now owns 6,744,285 shares of the utilities provider’s stock valued at $190,469,000 after acquiring an additional 26,189 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Brookfield Renewable Partners by 609.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,808 shares of the utilities provider’s stock valued at $333,000 after acquiring an additional 10,143 shares during the last quarter. Cadence Bank acquired a new stake in shares of Brookfield Renewable Partners during the 3rd quarter worth $212,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Brookfield Renewable Partners by 8.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 328,066 shares of the utilities provider’s stock worth $9,245,000 after buying an additional 24,467 shares during the last quarter. 63.16% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Partners Stock Up 0.5 %

Shares of NYSE BEP opened at $23.77 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. The stock has a fifty day moving average price of $22.15 and a 200 day moving average price of $24.30. The company has a market cap of $6.77 billion, a P/E ratio of -26.71 and a beta of 1.02. Brookfield Renewable Partners L.P. has a 12-month low of $19.92 and a 12-month high of $29.56.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last posted its quarterly earnings data on Friday, January 31st. The utilities provider reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.16. Brookfield Renewable Partners had a negative net margin of 0.15% and a negative return on equity of 0.03%. During the same period in the previous year, the company posted $0.01 earnings per share. Research analysts anticipate that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.373 dividend. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date is Friday, February 28th. Brookfield Renewable Partners’s dividend payout ratio is presently -167.42%.

Wall Street Analysts Forecast Growth

BEP has been the subject of a number of research analyst reports. StockNews.com downgraded Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on Brookfield Renewable Partners from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Scotiabank upped their price objective on Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Royal Bank of Canada restated an “outperform” rating and set a $31.00 price objective on shares of Brookfield Renewable Partners in a report on Monday, February 3rd. Finally, National Bankshares lowered their price target on Brookfield Renewable Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.

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.