SG Americas Securities LLC Grows Holdings in Brookfield Renewable Partners L.P. (NYSE:BEP)

SG Americas Securities LLC increased its position in Brookfield Renewable Partners L.P. (NYSE:BEPGet Rating) (TSE:BEP) by 78.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 20,983 shares of the utilities provider’s stock after buying an additional 9,244 shares during the quarter. SG Americas Securities LLC’s holdings in Brookfield Renewable Partners were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Curi Wealth Management LLC purchased a new stake in shares of Brookfield Renewable Partners during the second quarter worth about $33,000. Geneos Wealth Management Inc. lifted its holdings in shares of Brookfield Renewable Partners by 363.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,275 shares of the utilities provider’s stock worth $52,000 after buying an additional 1,000 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new position in shares of Brookfield Renewable Partners during the second quarter valued at about $52,000. SeaCrest Wealth Management LLC purchased a new position in shares of Brookfield Renewable Partners during the second quarter valued at about $68,000. Finally, HM Payson & Co. purchased a new position in shares of Brookfield Renewable Partners during the third quarter valued at about $78,000. 57.61% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Partners Stock Performance

Shares of BEP opened at $28.80 on Friday. Brookfield Renewable Partners L.P. has a 1 year low of $24.13 and a 1 year high of $41.95. The stock has a 50-day simple moving average of $27.58 and a 200-day simple moving average of $32.15. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $7.93 billion, a PE ratio of -51.43 and a beta of 0.73.

Brookfield Renewable Partners (NYSE:BEPGet Rating) (TSE:BEP) last announced its quarterly earnings results on Friday, November 4th. The utilities provider reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.21). Brookfield Renewable Partners had a net margin of 2.41% and a return on equity of 0.49%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $628.20 million. On average, analysts predict that Brookfield Renewable Partners L.P. will post -0.29 earnings per share for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend was Tuesday, November 29th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -228.57%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BEP. TheStreet lowered shares of Brookfield Renewable Partners from a “c-” rating to a “d” rating in a report on Friday, November 4th. Mizuho reduced their price objective on Brookfield Renewable Partners from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, September 30th. National Bankshares reduced their price objective on Brookfield Renewable Partners from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Tuesday, January 17th. TD Securities assumed coverage on shares of Brookfield Renewable Partners in a report on Tuesday, October 18th. They issued a “buy” rating on the stock. Finally, StockNews.com began coverage on shares of Brookfield Renewable Partners in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Brookfield Renewable Partners currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

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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