Evanson Asset Management LLC Has $488,000 Position in Brookfield Renewable Partners LP (NYSE:BEP)

Evanson Asset Management LLC grew its holdings in Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) by 12.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,015 shares of the utilities provider’s stock after purchasing an additional 1,349 shares during the quarter. Evanson Asset Management LLC’s holdings in Brookfield Renewable Partners were worth $488,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of BEP. Oppenheimer Asset Management Inc. raised its position in shares of Brookfield Renewable Partners by 56.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,097 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 396 shares during the last quarter. Northern Trust Corp raised its position in shares of Brookfield Renewable Partners by 1.1% during the second quarter. Northern Trust Corp now owns 49,751 shares of the utilities provider’s stock worth $1,721,000 after acquiring an additional 559 shares during the last quarter. US Bancorp DE raised its position in shares of Brookfield Renewable Partners by 50.0% during the second quarter. US Bancorp DE now owns 2,700 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 900 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Brookfield Renewable Partners by 2.6% during the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 37,607 shares of the utilities provider’s stock worth $1,302,000 after acquiring an additional 962 shares during the last quarter. Finally, Lenox Wealth Advisors LLC bought a new stake in shares of Brookfield Renewable Partners during the third quarter worth $43,000. 53.95% of the stock is currently owned by institutional investors.

BEP has been the subject of a number of recent research reports. TD Securities boosted their target price on Brookfield Renewable Partners from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Credit Suisse Group downgraded 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 target price on Brookfield Renewable Partners from $37.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Monday, September 30th. Zacks Investment Research downgraded Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Raymond James set a $40.00 target price on Brookfield Renewable Partners and gave the stock a “market perform” rating in a research report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $40.11.



NYSE BEP traded down $0.30 on Friday, reaching $41.15. The company had a trading volume of 13,842 shares, compared to its average volume of 199,144. The stock’s 50 day moving average is $38.44 and its 200-day moving average is $34.79. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 316.35 and a beta of 0.48. 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 $42.50.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.21). The company had revenue of $787.00 million during the quarter. Brookfield Renewable Partners had a net margin of 9.16% and a return on equity of 1.80%.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 10.01%. The ex-dividend date was 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 is currently 1,584.62%.

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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