Brookfield Renewable Partners L.P. (NYSE:BEP) Shares Sold by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC trimmed its holdings in shares of Brookfield Renewable Partners L.P. (NYSE:BEPGet Rating) (TSE:BEP) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,325 shares of the utilities provider’s stock after selling 1,198 shares during the period. Fort Sheridan Advisors LLC’s holdings in Brookfield Renewable Partners were worth $917,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mawer Investment Management Ltd. acquired a new position in Brookfield Renewable Partners during the first quarter valued at approximately $216,000. National Bank of Canada FI lifted its position in Brookfield Renewable Partners by 9.7% during the first quarter. National Bank of Canada FI now owns 1,079,212 shares of the utilities provider’s stock valued at $43,722,000 after buying an additional 95,596 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Brookfield Renewable Partners by 35.1% during the first quarter. Russell Investments Group Ltd. now owns 128,981 shares of the utilities provider’s stock worth $5,298,000 after purchasing an additional 33,504 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Brookfield Renewable Partners by 6.4% during the first quarter. Advisor Group Holdings Inc. now owns 129,900 shares of the utilities provider’s stock worth $5,368,000 after purchasing an additional 7,847 shares in the last quarter. Finally, Pictet & Cie Europe SA acquired a new position in shares of Brookfield Renewable Partners during the first quarter worth $203,000. 55.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BEP. TD Securities raised shares of Brookfield Renewable Partners from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Monday, May 9th. Raymond James set a $42.00 target price on shares of Brookfield Renewable Partners and gave the stock an “outperform” rating in a research report on Monday, May 9th. Finally, National Bankshares lifted their price target on shares of Brookfield Renewable Partners from $31.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, May 9th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Brookfield Renewable Partners has a consensus rating of “Moderate Buy” and an average price target of $42.67.

Brookfield Renewable Partners Stock Up 1.1 %

Brookfield Renewable Partners stock opened at $39.25 on Friday. The company has a 50-day simple moving average of $35.66 and a 200-day simple moving average of $36.16. The firm has a market capitalization of $10.80 billion, a P/E ratio of -63.31 and a beta of 0.71. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.58 and a current ratio of 0.58. Brookfield Renewable Partners L.P. has a one year low of $30.93 and a one year high of $41.95.

Brookfield Renewable Partners (NYSE:BEPGet Rating) (TSE:BEP) last released its quarterly earnings results on Friday, May 6th. The utilities provider reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.08 billion. Brookfield Renewable Partners had a negative return on equity of 0.72% and a negative net margin of 3.59%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.24) EPS. As a group, equities analysts expect that Brookfield Renewable Partners L.P. will post -0.12 earnings per share for the current year.

Brookfield Renewable Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Wednesday, August 31st will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.26%. The ex-dividend date is Tuesday, August 30th. Brookfield Renewable Partners’s payout ratio is currently -206.45%.

Brookfield Renewable Partners Profile

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Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources.

Further Reading

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

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