Brookfield Renewable Partners L.P. (NYSE:BEP) to Issue Quarterly Dividend of $0.39

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Monday, August 31st will be given a dividend of 0.392 per share by the utilities provider on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, August 31st.

Brookfield Renewable Partners has decreased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Brookfield Renewable Partners has a payout ratio of -15,600.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Brookfield Renewable Partners to earn ($1.51) per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of -103.3%.

Brookfield Renewable Partners Price Performance

BEP traded up $0.23 during trading on Friday, hitting $32.89. The company’s stock had a trading volume of 1,036,176 shares, compared to its average volume of 818,484. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82. Brookfield Renewable Partners has a twelve month low of $24.13 and a twelve month high of $38.12. The business’s fifty day simple moving average is $34.38 and its 200 day simple moving average is $32.70. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of -106.09 and a beta of 1.10.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its earnings results on Friday, July 31st. The utilities provider reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.03). Brookfield Renewable Partners had a return on equity of 1.57% and a net margin of 8.28%. On average, equities research analysts forecast that Brookfield Renewable Partners will post -1.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookfield Renewable Partners

A number of large investors have recently made changes to their positions in the stock. BROOKFIELD Corp ON increased its holdings in shares of Brookfield Renewable Partners by 9.4% in the fourth quarter. BROOKFIELD Corp ON now owns 81,306,719 shares of the utilities provider’s stock valued at $2,192,842,000 after purchasing an additional 6,967,670 shares during the last quarter. State of Wisconsin Investment Board grew its holdings in Brookfield Renewable Partners by 128.0% in the 4th quarter. State of Wisconsin Investment Board now owns 4,867,084 shares of the utilities provider’s stock valued at $131,265,000 after buying an additional 2,732,542 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Brookfield Renewable Partners by 20.3% in the 4th quarter. Bank of Montreal Can now owns 8,394,947 shares of the utilities provider’s stock worth $226,859,000 after acquiring an additional 1,415,989 shares during the last quarter. Morgan Stanley raised its holdings in shares of Brookfield Renewable Partners by 41.9% during the 4th quarter. Morgan Stanley now owns 4,029,046 shares of the utilities provider’s stock worth $108,663,000 after acquiring an additional 1,189,130 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Brookfield Renewable Partners by 340.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,115,743 shares of the utilities provider’s stock valued at $30,207,000 after acquiring an additional 862,280 shares during the last quarter. 63.16% of the stock is currently owned by hedge funds and other institutional investors.

About Brookfield Renewable Partners

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.