3,100 Shares in Brookfield Renewable Partners L.P. (NYSE:BEP) Acquired by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC acquired a new position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 3,100 shares of the utilities provider’s stock, valued at approximately $69,000.

Several other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in Brookfield Renewable Partners by 26.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider’s stock worth $59,000 after buying an additional 537 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in Brookfield Renewable Partners by 3.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 24,152 shares of the utilities provider’s stock worth $550,000 after buying an additional 724 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Brookfield Renewable Partners by 2.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 26,217 shares of the utilities provider’s stock worth $597,000 after buying an additional 725 shares in the last quarter. Barclays PLC lifted its holdings in Brookfield Renewable Partners by 13.5% during the 4th quarter. Barclays PLC now owns 7,998 shares of the utilities provider’s stock worth $183,000 after buying an additional 951 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Brookfield Renewable Partners by 4.2% during the 4th quarter. Captrust Financial Advisors now owns 25,033 shares of the utilities provider’s stock worth $570,000 after buying an additional 1,012 shares in the last quarter. Institutional investors and hedge funds own 63.16% of the company’s stock.

Brookfield Renewable Partners Price Performance

BEP opened at $25.45 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.90. Brookfield Renewable Partners L.P. has a 12 month low of $19.29 and a 12 month high of $29.56. The company has a fifty day simple moving average of $23.58 and a 200 day simple moving average of $22.88. The stock has a market cap of $7.22 billion, a P/E ratio of -25.19 and a beta of 0.98.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings data on Friday, May 2nd. The utilities provider reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.09). Brookfield Renewable Partners had a negative net margin of 0.79% and a negative return on equity of 0.15%. The firm had revenue of $907.00 million during the quarter, compared to the consensus estimate of $1.73 billion. On average, research analysts expect that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current year.

Brookfield Renewable Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable Partners’s dividend payout ratio is currently -147.52%.

Analyst Upgrades and Downgrades

BEP has been the topic of several research reports. Wall Street Zen downgraded Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Wells Fargo & Company cut their price target on Brookfield Renewable Partners from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Barclays began coverage on Brookfield Renewable Partners in a research note on Wednesday, April 2nd. They issued an “equal weight” rating and a $27.00 price target on the stock. National Bank Financial raised Brookfield Renewable Partners to a “strong-buy” rating in a research note on Sunday, June 8th. Finally, CIBC cut their price target on Brookfield Renewable Partners from $31.00 to $30.00 and set an “outperformer” rating on the stock in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.13.

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.