AGF Investments Inc. decreased its holdings in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,282 shares of the utilities provider’s stock after selling 213 shares during the period. AGF Investments Inc.’s holdings in Brookfield Renewable Partners L.P. were worth $1,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BEP. JPMorgan Chase & Co. bought a new stake in shares of Brookfield Renewable Partners L.P. in the 2nd quarter valued at approximately $109,000. Chicago Partners Investment Group LLC bought a new stake in shares of Brookfield Renewable Partners L.P. in the 2nd quarter valued at approximately $259,000. Jane Street Group LLC bought a new stake in shares of Brookfield Renewable Partners L.P. in the 1st quarter valued at approximately $454,000. Greystone Investment Management LLC grew its stake in shares of Brookfield Renewable Partners L.P. by 7.9% in the 2nd quarter. Greystone Investment Management LLC now owns 41,190 shares of the utilities provider’s stock valued at $1,314,000 after buying an additional 3,000 shares in the last quarter. Finally, Karpas Strategies LLC grew its stake in shares of Brookfield Renewable Partners L.P. by 2.4% in the 2nd quarter. Karpas Strategies LLC now owns 118,525 shares of the utilities provider’s stock valued at $3,786,000 after buying an additional 2,800 shares in the last quarter. Institutional investors own 58.34% of the company’s stock.

Brookfield Renewable Partners L.P. (BEP) opened at 35.82 on Monday. The stock’s 50 day moving average price is $34.34 and its 200-day moving average price is $31.81. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 11940.00 and a beta of 0.24. Brookfield Renewable Partners L.P. has a one year low of $26.61 and a one year high of $35.84.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last issued its earnings results on Friday, August 4th. The utilities provider reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.05. Brookfield Renewable Partners L.P. had a return on equity of 0.76% and a net margin of 3.66%. The company had revenue of $683 million during the quarter, compared to the consensus estimate of $721.75 million. On average, equities research analysts expect that Brookfield Renewable Partners L.P. will post $0.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.4675 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.87 annualized dividend and a dividend yield of 5.22%. Brookfield Renewable Partners L.P.’s dividend payout ratio is currently -1,869.81%.

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Several brokerages recently commented on BEP. Raymond James Financial, Inc. lowered their price target on Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating for the company in a research note on Thursday, August 17th. Brookfield Renewable Partners LP lowered their price target on Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating for the company in a research note on Thursday, August 17th. Royal Bank Of Canada boosted their price target on Brookfield Renewable Partners L.P. from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 8th. National Bank Financial cut Brookfield Renewable Partners L.P. from an “outperform” rating to a “sector perform” rating and set a $35.00 price target for the company. in a research note on Tuesday, August 8th. Finally, TD Securities boosted their price target on Brookfield Renewable Partners L.P. from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Ten analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.56.

Brookfield Renewable Partners L.P. Profile

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.

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Institutional Ownership by Quarter for Brookfield Renewable Partners L.P. (NYSE:BEP)

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