Lincluden Management Ltd. Sells 26,069 Shares of Brookfield Renewable Partners L.P. $BEP

Lincluden Management Ltd. trimmed its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 575,275 shares of the utilities provider’s stock after selling 26,069 shares during the period. Brookfield Renewable Partners comprises 1.7% of Lincluden Management Ltd.’s holdings, making the stock its 18th biggest holding. Lincluden Management Ltd.’s holdings in Brookfield Renewable Partners were worth $15,515,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its holdings in Brookfield Renewable Partners by 6.6% during the 4th quarter. Sanctuary Advisors LLC now owns 63,723 shares of the utilities provider’s stock valued at $1,719,000 after purchasing an additional 3,931 shares during the last quarter. Warren Street Wealth Advisors LLC bought a new position in Brookfield Renewable Partners during the 4th quarter valued at about $225,000. Gold Investment Management Ltd. grew its holdings in Brookfield Renewable Partners by 3.6% during the 4th quarter. Gold Investment Management Ltd. now owns 101,946 shares of the utilities provider’s stock valued at $2,755,000 after purchasing an additional 3,524 shares during the last quarter. TABR Capital Management LLC bought a new position in Brookfield Renewable Partners during the 4th quarter valued at about $544,000. Finally, TD Waterhouse Canada Inc. grew its holdings in Brookfield Renewable Partners by 2.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 833,139 shares of the utilities provider’s stock valued at $22,459,000 after purchasing an additional 18,887 shares during the last quarter. 63.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BEP shares. JPMorgan Chase & Co. upped their price target on shares of Brookfield Renewable Partners from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. National Bank Financial upped their price target on shares of Brookfield Renewable Partners from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Morgan Stanley upped their price target on shares of Brookfield Renewable Partners from $38.00 to $42.00 and gave the company an “overweight” rating in a report on Monday, March 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Brookfield Renewable Partners in a report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Brookfield Renewable Partners from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.93.

Brookfield Renewable Partners Price Performance

Shares of BEP stock opened at $33.25 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $10.08 billion, a P/E ratio of -127.88 and a beta of 1.09. The company’s 50-day simple moving average is $32.35 and its two-hundred day simple moving average is $30.03. Brookfield Renewable Partners L.P. has a one year low of $22.17 and a one year high of $35.97.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its earnings results on Friday, January 30th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.88. Brookfield Renewable Partners had a net margin of 11.11% and a return on equity of 2.15%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. As a group, equities analysts anticipate that Brookfield Renewable Partners L.P. will post -0.87 EPS for the current year.

Brookfield Renewable Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were given a $0.392 dividend. This represents a $1.57 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, February 27th. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.37. Brookfield Renewable Partners’s dividend payout ratio is currently -603.85%.

Brookfield Renewable Partners Company 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.