National Bank of Canada FI Acquires 1,065,590 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

National Bank of Canada FI increased its stake in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 102.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,106,264 shares of the utilities provider’s stock after acquiring an additional 1,065,590 shares during the quarter. National Bank of Canada FI’s holdings in Brookfield Renewable Partners were worth $48,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in BEP. NEOS Investment Management LLC bought a new stake in shares of Brookfield Renewable Partners in the fourth quarter worth about $265,000. JPMorgan Chase & Co. grew its position in shares of Brookfield Renewable Partners by 212.0% in the 4th quarter. JPMorgan Chase & Co. now owns 206,916 shares of the utilities provider’s stock worth $4,716,000 after buying an additional 140,604 shares during the last quarter. LPL Financial LLC increased its stake in shares of Brookfield Renewable Partners by 32.8% during the fourth quarter. LPL Financial LLC now owns 57,514 shares of the utilities provider’s stock valued at $1,311,000 after buying an additional 14,194 shares during the period. Guardian Partners Inc. bought a new position in shares of Brookfield Renewable Partners during the fourth quarter valued at approximately $1,504,000. Finally, Northwest & Ethical Investments L.P. lifted its stake in Brookfield Renewable Partners by 2.1% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 82,025 shares of the utilities provider’s stock worth $1,867,000 after acquiring an additional 1,722 shares during the period. Institutional investors own 63.16% of the company’s stock.

Brookfield Renewable Partners Trading Up 1.5 %

Shares of NYSE BEP opened at $22.50 on Wednesday. The company has a market cap of $6.41 billion, a PE ratio of -25.28 and a beta of 1.02. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.25. The firm’s 50 day moving average price is $22.38 and its 200-day moving average price is $24.17. Brookfield Renewable Partners L.P. has a 52-week low of $19.92 and a 52-week high of $29.56.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued 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 quarter in the prior year, the business posted $0.01 EPS. On average, equities research analysts expect that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a $0.373 dividend. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a yield of 6.63%. Brookfield Renewable Partners’s payout ratio is -167.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com downgraded shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. National Bankshares reduced their target price on Brookfield Renewable Partners from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price target on Brookfield Renewable Partners from $30.00 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, Scotiabank lifted their target price on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.