Brookfield Renewable Partners L.P. (NYSE:BEP) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its position in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,599 shares of the utilities provider’s stock after selling 971 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.11% of Brookfield Renewable Partners worth $7,520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Scarborough Advisors LLC acquired a new stake in shares of Brookfield Renewable Partners in the 4th quarter worth approximately $30,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Brookfield Renewable Partners in the 1st quarter worth approximately $31,000. Evermay Wealth Management LLC acquired a new stake in shares of Brookfield Renewable Partners in the 1st quarter worth approximately $49,000. Clear Point Advisors Inc. acquired a new stake in shares of Brookfield Renewable Partners in the 1st quarter worth approximately $49,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Brookfield Renewable Partners by 17.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,926 shares of the utilities provider’s stock worth $156,000 after acquiring an additional 900 shares during the period. Institutional investors and hedge funds own 63.16% of the company’s stock.

Brookfield Renewable Partners Trading Up 1.7 %

Shares of BEP opened at $27.38 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $7.80 billion, a P/E ratio of -59.52 and a beta of 0.94. The stock’s fifty day simple moving average is $25.31 and its 200 day simple moving average is $24.98. Brookfield Renewable Partners L.P. has a twelve month low of $19.92 and a twelve month high of $28.81.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings data on Friday, August 2nd. The utilities provider reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.41). Brookfield Renewable Partners had a net margin of 2.37% and a return on equity of 0.46%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the business earned ($0.10) earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities research analysts forecast that Brookfield Renewable Partners L.P. will post -0.57 earnings per share for the current year.

Brookfield Renewable Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 5.19%. The ex-dividend date was Friday, August 30th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -308.70%.

Analyst Ratings Changes

A number of research firms recently weighed in on BEP. StockNews.com cut Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. UBS Group upgraded Brookfield Renewable Partners from a “neutral” rating to a “buy” rating and increased their target price for the company from $24.00 to $31.00 in a report on Monday, September 30th. JPMorgan Chase & Co. increased their target price on Brookfield Renewable Partners from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. National Bankshares increased their price target on Brookfield Renewable Partners from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, Scotiabank increased their price target on Brookfield Renewable Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Brookfield Renewable Partners currently has an average rating of “Moderate Buy” and a consensus price target of $32.50.

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.