Northern Trust Corp maintained its stake in Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,395 shares of the utilities provider’s stock at the end of the second quarter. Northern Trust Corp’s holdings in Brookfield Renewable Partners were worth $1,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of Brookfield Renewable Partners by 6.3% in the second quarter. Principal Financial Group Inc. now owns 2,392,353 shares of the utilities provider’s stock worth $76,412,000 after acquiring an additional 142,656 shares in the last quarter. Global X Management Co. LLC increased its holdings in Brookfield Renewable Partners by 10.0% in the second quarter. Global X Management Co. LLC now owns 316,513 shares of the utilities provider’s stock valued at $10,109,000 after buying an additional 28,773 shares during the last quarter. AGF Investments America Inc. increased its holdings in Brookfield Renewable Partners by 5.2% in the second quarter. AGF Investments America Inc. now owns 178,732 shares of the utilities provider’s stock valued at $5,702,000 after buying an additional 8,831 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Brookfield Renewable Partners by 242.2% in the second quarter. Wells Fargo & Company MN now owns 8,972 shares of the utilities provider’s stock valued at $287,000 after buying an additional 6,350 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in Brookfield Renewable Partners in the second quarter valued at about $109,000. Institutional investors own 58.37% of the company’s stock.

Several analysts recently weighed in on the company. CIBC lowered Brookfield Renewable Partners from a “sector outperform” rating to a “neutral” rating in a report on Thursday, November 2nd. Zacks Investment Research lowered Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Brookfield Renewable Partners lowered their price objective on Brookfield Renewable Partners to $42.00 and set a “market perform” rating for the company in a report on Thursday, August 17th. TD Securities boosted their price objective on Brookfield Renewable Partners from $35.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, National Bank Financial lowered Brookfield Renewable Partners from an “outperform” rating to a “sector perform” rating and set a $35.00 price objective for the company. in a report on Tuesday, August 8th. Twelve research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $38.39.

Brookfield Renewable Partners LP (BEP) traded up $0.12 during trading hours on Wednesday, hitting $32.76. The stock had a trading volume of 74,100 shares, compared to its average volume of 65,714. Brookfield Renewable Partners LP has a 52 week low of $28.13 and a 52 week high of $36.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.58 and a quick ratio of 0.58.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be given a $0.468 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 5.71%. This is an increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. The ex-dividend date is Wednesday, November 29th. Brookfield Renewable Partners’s dividend payout ratio is -1,558.20%.

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Brookfield Renewable Partners 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.

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

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