Brookfield Renewable Partners L.P. $BEP Shares Sold by UBS Group AG

UBS Group AG trimmed its position in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 87.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 144,450 shares of the utilities provider’s stock after selling 1,052,198 shares during the period. UBS Group AG’s holdings in Brookfield Renewable Partners were worth $3,896,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kelleher Financial Advisors acquired a new stake in Brookfield Renewable Partners in the 3rd quarter worth about $26,000. Russell Investments Group Ltd. purchased a new stake in shares of Brookfield Renewable Partners in the second quarter valued at approximately $34,000. Root Financial Partners LLC purchased a new stake in shares of Brookfield Renewable Partners in the third quarter valued at approximately $46,000. Triumph Capital Management purchased a new stake in shares of Brookfield Renewable Partners in the third quarter valued at approximately $55,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Brookfield Renewable Partners in the third quarter valued at approximately $81,000. 63.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BEP. Morgan Stanley upped their price target on Brookfield Renewable Partners from $38.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday, March 23rd. JPMorgan Chase & Co. upped their price target on Brookfield Renewable Partners from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Wall Street Zen lowered Brookfield Renewable Partners from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. National Bank Financial upped their price target on Brookfield Renewable Partners from $34.00 to $36.00 and gave the company a “sector outperform” rating in a research report on Monday, May 4th. Finally, Zacks Research lowered Brookfield Renewable Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Eleven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.21.

Brookfield Renewable Partners Trading Up 0.5%

BEP opened at $35.53 on Friday. Brookfield Renewable Partners L.P. has a one year low of $22.84 and a one year high of $35.97. The stock has a market capitalization of $10.77 billion, a PE ratio of -114.60 and a beta of 1.06. The business’s 50 day moving average price is $33.29 and its 200 day moving average price is $30.60. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.75.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings data on Friday, May 1st. The utilities provider reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.04). Brookfield Renewable Partners had a net margin of 8.28% and a return on equity of 1.57%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, equities research analysts expect that Brookfield Renewable Partners L.P. will post -1.38 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a $0.392 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.57 dividend on an annualized basis and a yield of 4.4%. Brookfield Renewable Partners’s dividend payout ratio is currently -503.23%.

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.