Steward Partners Investment Advisory LLC Has $71,000 Stock Holdings in Brookfield Renewable Partners L.P. (NYSE:BEP)

Steward Partners Investment Advisory LLC grew its stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 81.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,099 shares of the utilities provider’s stock after buying an additional 1,391 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Brookfield Renewable Partners were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BEP. Wilmington Savings Fund Society FSB acquired a new stake in Brookfield Renewable Partners during the third quarter worth approximately $28,000. Jones Financial Companies Lllp grew its stake in Brookfield Renewable Partners by 26.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 537 shares during the period. Allworth Financial LP acquired a new stake in Brookfield Renewable Partners during the fourth quarter worth approximately $68,000. Barclays PLC grew its stake in Brookfield Renewable Partners by 40.6% during the third quarter. Barclays PLC now owns 7,047 shares of the utilities provider’s stock worth $199,000 after purchasing an additional 2,036 shares during the period. Finally, Cadence Bank acquired a new stake in Brookfield Renewable Partners during the third quarter worth approximately $212,000. Institutional investors and hedge funds own 63.16% of the company’s stock.

Brookfield Renewable Partners Stock Up 0.5 %

BEP stock opened at $22.86 on Tuesday. Brookfield Renewable Partners L.P. has a twelve month low of $19.92 and a twelve month high of $29.56. The company has a quick ratio of 0.73, a current ratio of 0.25 and a debt-to-equity ratio of 0.93. The stock’s 50 day moving average is $22.11 and its 200-day moving average is $24.32. The firm has a market capitalization of $6.51 billion, a PE ratio of -25.69 and a beta of 1.02.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last posted its earnings results 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 return on equity of 0.03% and a negative net margin of 0.15%. During the same period last year, the firm earned $0.01 EPS. Sell-side analysts expect that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.53%. 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 (DPR) is currently -167.42%.

Analyst Ratings Changes

Several research firms recently commented on BEP. JPMorgan Chase & Co. decreased their target price on Brookfield Renewable Partners from $30.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their target price on Brookfield Renewable Partners from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. StockNews.com cut Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. CIBC cut their price target on Brookfield Renewable Partners from $32.00 to $31.00 and set an “outperformer” rating on the stock in a report on Monday, February 3rd. Finally, National Bankshares cut their price target 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. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Brookfield Renewable Partners currently has a consensus rating of “Moderate Buy” and an average target price 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.