Barclays PLC Grows Stake in Brookfield Renewable Partners L.P. (NYSE:BEP)

Barclays PLC boosted its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 40.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,047 shares of the utilities provider’s stock after purchasing an additional 2,036 shares during the quarter. Barclays PLC’s holdings in Brookfield Renewable Partners were worth $199,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Brookfield Renewable Partners by 86.5% during the 3rd quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 442 shares during the period. Waverton Investment Management Ltd purchased a new position in shares of Brookfield Renewable Partners in the 3rd quarter valued at $178,000. Creative Planning purchased a new position in shares of Brookfield Renewable Partners in the 3rd quarter valued at $206,000. Cadence Bank purchased a new position in shares of Brookfield Renewable Partners in the 3rd quarter valued at $212,000. Finally, Aspiriant LLC purchased a new position in shares of Brookfield Renewable Partners in the 3rd quarter valued at $241,000. 63.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. National Bankshares cut their price target on Brookfield Renewable Partners from $33.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. UBS Group upgraded Brookfield Renewable Partners from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.00 to $31.00 in a report on Monday, September 30th. CIBC lifted their price target on Brookfield Renewable Partners from $33.00 to $34.00 and gave the company an “outperformer” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded Brookfield Renewable Partners from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a report on Thursday, December 12th. Finally, StockNews.com cut Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Thursday, December 26th. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.78.

Brookfield Renewable Partners Stock Performance

Shares of BEP opened at $23.77 on Tuesday. The stock has a 50-day moving average of $24.70 and a two-hundred day moving average of $25.28. Brookfield Renewable Partners L.P. has a one year low of $19.92 and a one year high of $29.56. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market cap of $6.78 billion, a P/E ratio of -28.99 and a beta of 0.95.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings results on Friday, November 8th. The utilities provider reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.28). Brookfield Renewable Partners had a return on equity of 0.24% and a net margin of 1.16%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $843.18 million. During the same period in the prior year, the firm posted ($0.14) EPS. As a group, research analysts predict that Brookfield Renewable Partners L.P. will post -0.88 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a dividend of $0.355 per share. The ex-dividend date was Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a yield of 5.97%. Brookfield Renewable Partners’s dividend payout ratio is currently -173.17%.

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.