Brookfield Renewable Partners L.P. Announces Quarterly Dividend of $0.39 (NYSE:BEP)

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) declared a quarterly dividend on Friday, July 31st. Stockholders of record on Monday, August 31st will be paid a dividend of 0.392 per share by the utilities provider on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, August 31st.

Brookfield Renewable Partners has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 2 years. Brookfield Renewable Partners has a dividend payout ratio of -15,600.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Brookfield Renewable Partners to earn ($1.51) per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of -103.3%.

Brookfield Renewable Partners Stock Up 0.7%

Brookfield Renewable Partners stock opened at $32.89 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82. Brookfield Renewable Partners has a 1-year low of $24.13 and a 1-year high of $38.12. The firm’s fifty day simple moving average is $34.33 and its 200-day simple moving average is $32.70. The company has a market capitalization of $9.87 billion, a P/E ratio of -106.09 and a beta of 1.10.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings data on Friday, July 31st. The utilities provider reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.02). Brookfield Renewable Partners had a return on equity of 1.57% and a net margin of 8.28%.The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.56 billion. Sell-side analysts forecast that Brookfield Renewable Partners will post -1.55 earnings per share for the current fiscal year.

Institutional Trading of Brookfield Renewable Partners

Several hedge funds have recently added to or reduced their stakes in BEP. BROOKFIELD Corp ON increased its position in Brookfield Renewable Partners by 9.4% in the 4th quarter. BROOKFIELD Corp ON now owns 81,306,719 shares of the utilities provider’s stock worth $2,192,842,000 after buying an additional 6,967,670 shares during the period. State of Wisconsin Investment Board grew its stake in shares of Brookfield Renewable Partners by 128.0% in the fourth quarter. State of Wisconsin Investment Board now owns 4,867,084 shares of the utilities provider’s stock worth $131,265,000 after acquiring an additional 2,732,542 shares during the last quarter. Bank of Montreal Can increased its position in Brookfield Renewable Partners by 20.3% during the fourth quarter. Bank of Montreal Can now owns 8,394,947 shares of the utilities provider’s stock worth $226,859,000 after acquiring an additional 1,415,989 shares during the period. Morgan Stanley increased its position in Brookfield Renewable Partners by 41.9% during the fourth quarter. Morgan Stanley now owns 4,029,046 shares of the utilities provider’s stock worth $108,663,000 after acquiring an additional 1,189,130 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Brookfield Renewable Partners by 340.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,115,743 shares of the utilities provider’s stock valued at $30,207,000 after purchasing an additional 862,280 shares during the last quarter. Institutional investors own 63.16% of the company’s stock.

Brookfield Renewable Partners Company 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.