TD Waterhouse Canada Inc. Acquires 18,887 Shares of Brookfield Renewable Partners L.P. $BEP

TD Waterhouse Canada Inc. increased its holdings in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 833,139 shares of the utilities provider’s stock after purchasing an additional 18,887 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.27% of Brookfield Renewable Partners worth $22,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Aviso Financial Inc. grew its stake in shares of Brookfield Renewable Partners by 9.6% in the third quarter. Aviso Financial Inc. now owns 8,338 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 733 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Brookfield Renewable Partners by 7.8% in the third quarter. Envestnet Asset Management Inc. now owns 10,223 shares of the utilities provider’s stock worth $264,000 after purchasing an additional 742 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Brookfield Renewable Partners by 2.6% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 29,600 shares of the utilities provider’s stock worth $763,000 after purchasing an additional 750 shares during the last quarter. Apollon Wealth Management LLC grew its stake in shares of Brookfield Renewable Partners by 5.3% in the third quarter. Apollon Wealth Management LLC now owns 17,060 shares of the utilities provider’s stock worth $440,000 after purchasing an additional 858 shares during the last quarter. Finally, Kelleher Financial Advisors bought a new stake in shares of Brookfield Renewable Partners in the third quarter worth about $26,000. 63.16% of the stock is owned by institutional investors.

Brookfield Renewable Partners Stock Performance

Brookfield Renewable Partners stock opened at $34.65 on Tuesday. The stock’s 50 day simple moving average is $32.11 and its two-hundred day simple moving average is $29.77. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of -133.27 and a beta of 1.09. Brookfield Renewable Partners L.P. has a fifty-two week low of $21.15 and a fifty-two week high of $35.97.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last posted its quarterly earnings data on Friday, January 30th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.88. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Brookfield Renewable Partners had a return on equity of 2.15% and a net margin of 11.11%. As a group, analysts expect that Brookfield Renewable Partners L.P. will post -0.83 earnings per share for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were given a $0.392 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.5%. This is an increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.37. Brookfield Renewable Partners’s payout ratio is presently -603.85%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BEP shares. Barclays set a $28.00 target price on Brookfield Renewable Partners and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Mizuho set a $31.00 price objective on Brookfield Renewable Partners and gave the company a “neutral” rating in a research report on Monday, February 2nd. Morgan Stanley lifted their price objective on Brookfield Renewable Partners from $38.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday, March 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Brookfield Renewable Partners in a research report on Friday, March 27th. Finally, National Bank Financial lifted their price objective on Brookfield Renewable Partners from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.93.

Brookfield Renewable Partners Profile

Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy.

The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.