18,000 Shares in Brookfield Renewable Partners L.P. (NYSE:BEP) Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. acquired a new position in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 18,000 shares of the utilities provider’s stock, valued at approximately $473,000.

Other large investors have also modified their holdings of the company. Baystate Wealth Management LLC acquired a new stake in shares of Brookfield Renewable Partners in the 4th quarter worth about $26,000. Stratos Wealth Partners LTD. acquired a new position in Brookfield Renewable Partners during the 3rd quarter valued at about $244,000. Clearstead Advisors LLC increased its stake in Brookfield Renewable Partners by 8.5% during the 3rd quarter. Clearstead Advisors LLC now owns 12,383 shares of the utilities provider’s stock valued at $269,000 after buying an additional 967 shares during the period. Alpine Global Management LLC acquired a new position in Brookfield Renewable Partners during the 3rd quarter valued at about $282,000. Finally, Pathstone Family Office LLC acquired a new position in Brookfield Renewable Partners during the 3rd quarter valued at about $282,000. Institutional investors and hedge funds own 63.16% of the company’s stock.

Brookfield Renewable Partners Stock Performance

Shares of BEP opened at $21.34 on Monday. Brookfield Renewable Partners L.P. has a one year low of $19.92 and a one year high of $32.76. The company has a 50-day moving average of $22.46 and a two-hundred day moving average of $23.87. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of -66.69 and a beta of 0.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.57 and a quick ratio of 0.57.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its earnings results on Friday, February 2nd. The utilities provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Brookfield Renewable Partners had a net margin of 12.23% and a return on equity of 2.23%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company posted ($0.16) earnings per share. On average, equities research analysts expect that Brookfield Renewable Partners L.P. will post -0.01 earnings per share for the current year.

Brookfield Renewable Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a dividend of $0.355 per share. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.34. This represents a $1.42 annualized dividend and a dividend yield of 6.65%. The ex-dividend date was Wednesday, February 28th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is currently -421.88%.

Wall Street Analysts Forecast Growth

BEP has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $28.00 target price (down previously from $36.00) on shares of Brookfield Renewable Partners in a research note on Monday, February 12th. National Bankshares raised their target price on shares of Brookfield Renewable Partners from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. StockNews.com cut shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research note on Monday, March 4th. Finally, Raymond James lowered their target price on shares of Brookfield Renewable Partners from $33.00 to $32.00 and set a “strong-buy” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Renewable Partners presently has a consensus rating of “Moderate Buy” and an average target price of $30.50.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.