Lincluden Management Ltd. Decreases Stock Holdings in Brookfield Renewable Partners L.P. $BEP

Lincluden Management Ltd. lessened its stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 9.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 601,344 shares of the utilities provider’s stock after selling 62,108 shares during the period. Brookfield Renewable Partners accounts for approximately 1.7% of Lincluden Management Ltd.’s investment portfolio, making the stock its 17th largest holding. Lincluden Management Ltd. owned about 0.21% of Brookfield Renewable Partners worth $15,407,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hilltop National Bank lifted its position in shares of Brookfield Renewable Partners by 37.6% during the third quarter. Hilltop National Bank now owns 1,830 shares of the utilities provider’s stock valued at $47,000 after buying an additional 500 shares during the last quarter. Aviso Financial Inc. grew its position in shares of Brookfield Renewable Partners by 9.6% in the 3rd quarter. Aviso Financial Inc. now owns 8,338 shares of the utilities provider’s stock worth $215,000 after buying an additional 733 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Brookfield Renewable Partners by 7.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 10,223 shares of the utilities provider’s stock worth $264,000 after buying an additional 742 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Brookfield Renewable Partners by 2.6% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 29,600 shares of the utilities provider’s stock worth $763,000 after acquiring an additional 750 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in Brookfield Renewable Partners by 5.3% during the third quarter. Apollon Wealth Management LLC now owns 17,060 shares of the utilities provider’s stock valued at $440,000 after acquiring an additional 858 shares during the last quarter. 63.16% of the stock is currently owned by institutional investors.

Brookfield Renewable Partners Trading Up 1.6%

NYSE:BEP opened at $30.65 on Tuesday. The company has a market capitalization of $9.36 billion, a P/E ratio of -117.88 and a beta of 1.13. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.80. Brookfield Renewable Partners L.P. has a 12 month low of $19.29 and a 12 month high of $32.78. The firm has a fifty day simple moving average of $29.93 and a 200-day simple moving average of $28.44.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its earnings results on Friday, January 30th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.88. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. Brookfield Renewable Partners had a return on equity of 2.15% and a net margin of 11.11%. On average, equities research analysts anticipate that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current year.

Brookfield Renewable Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a $0.392 dividend. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.37. This represents a $1.57 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, February 27th. Brookfield Renewable Partners’s dividend payout ratio is currently -603.85%.

Wall Street Analysts Forecast Growth

BEP has been the subject of several recent analyst reports. Desjardins upgraded shares of Brookfield Renewable Partners to a “hold” rating in a research note on Wednesday, November 26th. Canadian Imperial Bank of Commerce initiated coverage on Brookfield Renewable Partners in a report on Wednesday, March 4th. They set an “outperformer” rating and a $37.00 price objective for the company. Mizuho set a $31.00 target price on Brookfield Renewable Partners and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Wall Street Zen raised Brookfield Renewable Partners from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, UBS Group reiterated a “buy” rating and issued a $39.00 price target (up from $38.00) on shares of Brookfield Renewable Partners in a research note on Friday, December 5th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.93.

Brookfield Renewable Partners Company Profile

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.