Brookfield Renewable Partners L.P. (NYSE:BEP) Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 8.1% in the third quarter, HoldingsChannel reports. The fund owned 328,066 shares of the utilities provider’s stock after buying an additional 24,467 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Brookfield Renewable Partners were worth $9,245,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BEP. Intact Investment Management Inc. acquired a new position in Brookfield Renewable Partners during the 3rd quarter valued at about $42,331,000. Triasima Portfolio Management inc. bought a new position in Brookfield Renewable Partners during the 2nd quarter valued at $16,936,000. Liontrust Investment Partners LLP acquired a new position in shares of Brookfield Renewable Partners during the 2nd quarter valued at $14,862,000. Price T Rowe Associates Inc. MD raised its stake in shares of Brookfield Renewable Partners by 103.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,171,448 shares of the utilities provider’s stock worth $27,214,000 after buying an additional 595,335 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Brookfield Renewable Partners by 4.5% in the third quarter. Principal Financial Group Inc. now owns 7,605,679 shares of the utilities provider’s stock valued at $214,328,000 after buying an additional 330,648 shares during the period. 63.16% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Partners Stock Up 0.2 %

NYSE BEP opened at $26.03 on Friday. The stock’s 50 day simple moving average is $26.56 and its 200 day simple moving average is $25.91. Brookfield Renewable Partners L.P. has a one year low of $19.92 and a one year high of $29.56. The firm has a market cap of $7.42 billion, a PE ratio of -31.74 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last posted its quarterly earnings data on Friday, November 8th. The utilities provider reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.28). Brookfield Renewable Partners had a return on equity of 0.24% and a net margin of 1.16%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $843.18 million. During the same quarter last year, the firm earned ($0.14) EPS. As a group, sell-side analysts forecast that Brookfield Renewable Partners L.P. will post -0.57 earnings per share for the current fiscal year.

Brookfield Renewable Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 5.46%. The ex-dividend date is Friday, November 29th. Brookfield Renewable Partners’s payout ratio is presently -173.17%.

Analyst Ratings Changes

Several brokerages have commented on BEP. UBS Group upgraded shares of Brookfield Renewable Partners from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $24.00 to $31.00 in a research report on Monday, September 30th. JPMorgan Chase & Co. reduced their price objective on Brookfield Renewable Partners from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. StockNews.com downgraded Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. CIBC lifted their price target on Brookfield Renewable Partners from $33.00 to $34.00 and gave the company an “outperformer” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $31.00 price objective on shares of Brookfield Renewable Partners in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.78.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.