Deutsche Bank AG Increases Stake in Brookfield Renewable Partners LP (NYSE:BEP)

Deutsche Bank AG raised its stake in shares of Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) by 1,000.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 20,300 shares of the utilities provider’s stock after acquiring an additional 18,456 shares during the period. Deutsche Bank AG’s holdings in Brookfield Renewable Partners were worth $863,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. boosted its position in shares of Brookfield Renewable Partners by 0.9% during the 4th quarter. Citigroup Inc. now owns 37,011 shares of the utilities provider’s stock valued at $1,722,000 after acquiring an additional 345 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Brookfield Renewable Partners by 24.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,015 shares of the utilities provider’s stock valued at $86,000 after acquiring an additional 399 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of Brookfield Renewable Partners by 1.2% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 36,649 shares of the utilities provider’s stock valued at $1,529,000 after acquiring an additional 440 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Brookfield Renewable Partners by 5.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,817 shares of the utilities provider’s stock valued at $375,000 after acquiring an additional 466 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in shares of Brookfield Renewable Partners by 6.9% during the 4th quarter. Advisor Group Inc. now owns 10,309 shares of the utilities provider’s stock valued at $481,000 after acquiring an additional 662 shares during the last quarter. 57.73% of the stock is owned by institutional investors and hedge funds.

BEP has been the subject of a number of analyst reports. Raymond James raised their price target on Brookfield Renewable Partners from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. National Bank Financial raised their price target on Brookfield Renewable Partners from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Royal Bank of Canada raised their price target on Brookfield Renewable Partners from $47.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Industrial Alliance Securities upgraded Brookfield Renewable Partners to a “buy” rating and set a $63.69 price target for the company in a research report on Friday, March 20th. Finally, Mizuho initiated coverage on Brookfield Renewable Partners in a research report on Thursday, May 14th. They issued a “neutral” rating and a $49.00 price target for the company. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $53.15.

NYSE:BEP opened at $47.45 on Wednesday. Brookfield Renewable Partners LP has a twelve month low of $30.09 and a twelve month high of $57.69. The company has a market cap of $8.49 billion, a price-to-earnings ratio of -175.74 and a beta of 0.65. The stock has a fifty day simple moving average of $48.63 and a 200-day simple moving average of $47.30. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.63.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $792.00 million for the quarter. Brookfield Renewable Partners had a net margin of 4.68% and a return on equity of 0.85%.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a dividend of $0.5425 per share. The ex-dividend date was Thursday, May 28th. This represents a $2.17 annualized dividend and a dividend yield of 4.57%. Brookfield Renewable Partners’s dividend payout ratio is currently -1,142.11%.

Brookfield Renewable Partners Profile

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 hydro, wind, solar, cogeneration, and biomass sources. Its portfolio consists of approximately 17,400 megawatts of installed capacity.

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

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