Commonwealth Equity Services Inc grew its position in shares of Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) by 19.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,333 shares of the utilities provider’s stock after buying an additional 2,193 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Brookfield Renewable Partners were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in shares of Brookfield Renewable Partners during the 2nd quarter valued at $109,000. Cambridge Investment Research Advisors Inc. bought a new position in Brookfield Renewable Partners in the 3rd quarter worth $213,000. Chicago Partners Investment Group LLC bought a new position in Brookfield Renewable Partners in the 2nd quarter worth $259,000. Wells Fargo & Company MN raised its holdings in Brookfield Renewable Partners by 242.2% in the 2nd quarter. Wells Fargo & Company MN now owns 8,972 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 6,350 shares during the period. Finally, Advisory Services Network LLC bought a new position in Brookfield Renewable Partners in the 2nd quarter worth $305,000. 58.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Brookfield Renewable Partners LP (NYSE:BEP) opened at $33.13 on Friday. Brookfield Renewable Partners LP has a 12 month low of $28.13 and a 12 month high of $36.00. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.74.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be paid a $0.468 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date is Wednesday, November 29th. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. Brookfield Renewable Partners’s dividend payout ratio is presently -1,558.33%.

BEP has been the topic of a number of recent research reports. Zacks Investment Research raised Brookfield Renewable Partners from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, October 5th. BMO Capital Markets reaffirmed a “hold” rating and issued a $35.00 target price on shares of Brookfield Renewable Partners in a report on Friday, October 20th. CIBC cut Brookfield Renewable Partners from a “sector outperform” rating to a “neutral” rating in a report on Thursday, November 2nd. National Bank Financial raised their target price on Brookfield Renewable Partners from $35.00 to $45.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 18th. Finally, GMP Securities reaffirmed a “hold” rating and issued a $34.50 target price on shares of Brookfield Renewable Partners in a report on Friday, October 20th. Twelve investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $38.39.

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About Brookfield Renewable Partners

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.

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

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