20,000 Shares in Brookfield Renewable Partners L.P. (NYSE:BEP) Purchased by Abel Hall LLC

Abel Hall LLC bought a new stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,000 shares of the utilities provider’s stock, valued at approximately $456,000.

Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Brookfield Renewable Partners by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 282,574 shares of the utilities provider’s stock valued at $6,988,000 after acquiring an additional 1,333 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Brookfield Renewable Partners during the 2nd quarter valued at $359,000. GAMMA Investing LLC increased its position in shares of Brookfield Renewable Partners by 86.5% during the 3rd quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 442 shares during the period. Creative Planning bought a new stake in shares of Brookfield Renewable Partners in the 3rd quarter worth $206,000. Finally, Aspiriant LLC acquired a new stake in shares of Brookfield Renewable Partners in the third quarter valued at $241,000. Institutional investors and hedge funds own 63.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BEP. Scotiabank lowered their target price on Brookfield Renewable Partners from $32.00 to $28.00 and set a “sector outperform” rating on the stock in a report on Thursday, January 23rd. National Bankshares dropped their target price on shares of Brookfield Renewable Partners from $33.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their target price on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. CIBC upped their price target on Brookfield Renewable Partners from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $31.00 price objective on shares of Brookfield Renewable Partners in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.78.

Brookfield Renewable Partners Trading Down 0.6 %

NYSE BEP opened at $20.63 on Thursday. The firm’s 50 day moving average price is $23.28 and its two-hundred day moving average price is $24.81. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of -25.16 and a beta of 0.95. 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 debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.73.

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

Brookfield Renewable Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date was Friday, November 29th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -173.17%.

About Brookfield Renewable Partners

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.