National Bank of Canada FI Sells 23,170 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

National Bank of Canada FI trimmed its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,018,104 shares of the utilities provider’s stock after selling 23,170 shares during the period. National Bank of Canada FI owned 0.36% of Brookfield Renewable Partners worth $23,651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baystate Wealth Management LLC bought a new stake in Brookfield Renewable Partners in the 4th quarter valued at $26,000. Scarborough Advisors LLC bought a new stake in Brookfield Renewable Partners in the 4th quarter valued at $30,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Brookfield Renewable Partners in the 1st quarter valued at $31,000. Northwest Financial Advisors bought a new stake in Brookfield Renewable Partners in the 4th quarter valued at $65,000. Finally, Principal Securities Inc. bought a new stake in Brookfield Renewable Partners in the 4th quarter valued at $77,000. 63.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. BMO Capital Markets lifted their price target on shares of Brookfield Renewable Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, May 6th. StockNews.com began coverage on shares of Brookfield Renewable Partners in a report on Thursday. They issued a “sell” rating on the stock. Raymond James reduced their target price on shares of Brookfield Renewable Partners from $33.00 to $32.00 and set a “strong-buy” rating on the stock in a report on Thursday, April 25th. CIBC boosted their target price on shares of Brookfield Renewable Partners from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Finally, National Bankshares boosted their target price on shares of Brookfield Renewable Partners from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.42.

Brookfield Renewable Partners Trading Up 0.2 %

Brookfield Renewable Partners stock traded up $0.06 during trading hours on Thursday, hitting $24.58. The company had a trading volume of 70,418 shares, compared to its average volume of 486,249. The firm has a market cap of $7.01 billion, a P/E ratio of -53.30 and a beta of 0.92. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.56 and a current ratio of 0.56. Brookfield Renewable Partners L.P. has a 1 year low of $19.92 and a 1 year high of $30.14. The company has a 50-day moving average price of $26.21 and a two-hundred day moving average price of $24.68.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings data on Friday, May 3rd. The utilities provider reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.24). The company had revenue of $875.00 million during the quarter, compared to analysts’ expectations of $828.39 million. Brookfield Renewable Partners had a net margin of 7.10% and a return on equity of 1.30%. On average, sell-side analysts anticipate that Brookfield Renewable Partners L.P. will post -0.49 earnings per share for the current year.

Brookfield Renewable Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were given a $0.355 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.42 annualized dividend and a dividend yield of 5.78%. Brookfield Renewable Partners’s payout ratio is presently -308.69%.

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.