TABR Capital Management LLC Takes Position in Brookfield Renewable Partners L.P. $BEP

TABR Capital Management LLC purchased a new stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,175 shares of the utilities provider’s stock, valued at approximately $544,000.

A number of other hedge funds have also bought and sold shares of BEP. Kelleher Financial Advisors acquired a new stake in Brookfield Renewable Partners in the 3rd quarter worth about $26,000. Russell Investments Group Ltd. acquired a new position in shares of Brookfield Renewable Partners during the 2nd quarter worth approximately $34,000. Root Financial Partners LLC acquired a new position in shares of Brookfield Renewable Partners during the 3rd quarter worth approximately $46,000. Hilltop National Bank increased its holdings 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 worth $47,000 after purchasing an additional 500 shares during the period. Finally, Triumph Capital Management bought a new position in shares of Brookfield Renewable Partners during the third quarter worth approximately $55,000. 63.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BEP has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Brookfield Renewable Partners in a research report on Monday, December 29th. UBS Group reissued a “buy” rating and set a $39.00 price target (up from $38.00) on shares of Brookfield Renewable Partners in a research report on Friday, December 5th. Mizuho set a $31.00 price objective on Brookfield Renewable Partners and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Barclays set a $28.00 price objective on Brookfield Renewable Partners and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, Wall Street Zen upgraded Brookfield Renewable Partners from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.93.

Brookfield Renewable Partners Stock Performance

Shares of NYSE:BEP opened at $30.87 on Monday. The company’s 50 day simple moving average is $30.25 and its 200 day simple moving average is $28.61. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of -118.73 and a beta of 1.13. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.57 and a quick ratio of 0.57. Brookfield Renewable Partners L.P. has a 1 year low of $19.29 and a 1 year high of $32.78.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its quarterly earnings data on Friday, January 30th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.88. Brookfield Renewable Partners had a net margin of 11.11% and a return on equity of 2.15%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. As a group, research analysts predict that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

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

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.