Toronto Dominion Bank decreased its position in shares of Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,260,616 shares of the utilities provider’s stock after selling 21,716 shares during the period. Toronto Dominion Bank owned about 1.26% of Brookfield Renewable Partners worth $78,183,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA acquired a new position in Brookfield Renewable Partners during the 1st quarter worth $157,000. Janney Montgomery Scott LLC bought a new position in Brookfield Renewable Partners in the first quarter valued at about $209,000. Cetera Advisors LLC boosted its holdings in Brookfield Renewable Partners by 303.6% in the first quarter. Cetera Advisors LLC now owns 57,187 shares of the utilities provider’s stock valued at $1,825,000 after acquiring an additional 43,018 shares during the last quarter. SFE Investment Counsel increased its position in Brookfield Renewable Partners by 18.8% in the first quarter. SFE Investment Counsel now owns 40,345 shares of the utilities provider’s stock worth $1,289,000 after purchasing an additional 6,390 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Brookfield Renewable Partners in the first quarter worth about $9,290,000. 53.96% of the stock is owned by institutional investors.
NYSE BEP traded down $0.11 on Wednesday, reaching $37.04. The company had a trading volume of 8,726 shares, compared to its average volume of 158,431. The stock’s 50 day moving average is $36.57 and its 200-day moving average is $33.54. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 285.14 and a beta of 0.46. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.60. Brookfield Renewable Partners LP has a 52 week low of $24.51 and a 52 week high of $37.94.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 11.12%. The ex-dividend date of this dividend is Thursday, August 29th. This is an increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.52. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently 1,584.62%.
A number of research analysts have issued reports on BEP shares. Zacks Investment Research downgraded shares of Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Credit Suisse Group cut shares of Brookfield Renewable Partners from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their price target on shares of Brookfield Renewable Partners from $33.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. Raymond James boosted their price target on shares of Brookfield Renewable Partners from $31.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Finally, Barclays set a $53.00 price objective on shares of Brookfield Renewable Partners and gave the company a “buy” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Brookfield Renewable Partners presently has a consensus rating of “Hold” and a consensus target price of $38.57.
Brookfield Renewable Partners Company 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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