Brookfield Renewable Partners L.P. $BEP Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. cut its holdings in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 9.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 601,344 shares of the utilities provider’s stock after selling 62,108 shares during the quarter. Brookfield Renewable Partners accounts for about 1.7% of Lincluden Management Ltd.’s portfolio, making the stock its 17th largest holding. Lincluden Management Ltd.’s holdings in Brookfield Renewable Partners were worth $15,407,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kelleher Financial Advisors acquired a new stake in shares of Brookfield Renewable Partners in the third quarter worth $26,000. Russell Investments Group Ltd. acquired a new position in Brookfield Renewable Partners during the second quarter valued at $34,000. Root Financial Partners LLC acquired a new position in Brookfield Renewable Partners during the third quarter valued at $46,000. Hilltop National Bank boosted its holdings in Brookfield Renewable Partners by 37.6% in the third quarter. Hilltop National Bank now owns 1,830 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 500 shares during the last quarter. Finally, JCIC Asset Management Inc. purchased a new stake in Brookfield Renewable Partners in the third quarter valued at $72,000. 63.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BEP shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Brookfield Renewable Partners in a research report on Monday, December 29th. National Bank Financial upped their target price on Brookfield Renewable Partners from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Wall Street Zen raised Brookfield Renewable Partners from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Mizuho set a $31.00 price target on Brookfield Renewable Partners and gave the company a “neutral” rating in a research report on Monday, February 2nd. Finally, UBS Group reissued a “buy” rating and issued a $39.00 price target (up from $38.00) on shares of Brookfield Renewable Partners in a report on Friday, December 5th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.93.

Brookfield Renewable Partners Stock Up 1.6%

BEP opened at $30.65 on Tuesday. The company has a fifty day moving average of $29.93 and a two-hundred day moving average of $28.44. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of -117.88 and a beta of 1.13. Brookfield Renewable Partners L.P. has a fifty-two week low of $19.29 and a fifty-two week high of $32.78. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.57 and a current ratio of 0.57.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last posted its earnings results on Friday, January 30th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.88. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Brookfield Renewable Partners had a return on equity of 2.15% and a net margin of 11.11%. On average, research analysts expect that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current year.

Brookfield Renewable Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a $0.392 dividend. This represents a $1.57 dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, February 27th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -603.85%.

Brookfield Renewable Partners 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.