TD Waterhouse Canada Inc. Increases Holdings in Brookfield Renewable Partners L.P. $BEP

TD Waterhouse Canada Inc. increased its position in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,072,131 shares of the utilities provider’s stock after purchasing an additional 19,957 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.36% of Brookfield Renewable Partners worth $36,939,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kelleher Financial Advisors bought a new stake in shares of Brookfield Renewable Partners during the third quarter valued at approximately $26,000. Russell Investments Group Ltd. bought a new position in Brookfield Renewable Partners in the 2nd quarter valued at approximately $34,000. CENTRAL TRUST Co purchased a new stake in Brookfield Renewable Partners during the 1st quarter valued at $55,000. Triumph Capital Management purchased a new stake in Brookfield Renewable Partners during the 3rd quarter valued at $55,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Brookfield Renewable Partners by 284.5% in the 4th quarter. Global Retirement Partners LLC now owns 2,207 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 1,633 shares in the last quarter. Hedge funds and other institutional investors own 63.16% of the company’s stock.

Brookfield Renewable Partners Price Performance

Shares of NYSE:BEP opened at $31.44 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $9.44 billion, a PE ratio of -68.35 and a beta of 1.10. The firm’s 50 day moving average price is $32.86 and its 200-day moving average price is $33.33. Brookfield Renewable Partners L.P. has a twelve month low of $24.60 and a twelve month high of $38.12.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its earnings results on Friday, July 31st. The utilities provider reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.02). Brookfield Renewable Partners had a net margin of 4.50% and a return on equity of 0.84%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.56 billion. Equities research analysts expect that Brookfield Renewable Partners L.P. will post -1.87 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be given a dividend of $0.392 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.57 dividend on an annualized basis and a dividend yield of 5.0%. Brookfield Renewable Partners’s payout ratio is presently -341.30%.

Analysts Set New Price Targets

Several research firms have recently weighed in on BEP. JPMorgan Chase & Co. restated a “neutral” rating and issued a $36.00 price target on shares of Brookfield Renewable Partners in a research note on Tuesday, July 21st. Zacks Research raised Brookfield Renewable Partners from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Barclays set a $30.00 price objective on shares of Brookfield Renewable Partners and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. National Bank Financial dropped their target price on shares of Brookfield Renewable Partners from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Brookfield Renewable Partners from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.14.

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.