Mackenzie Financial Corp lowered its position in Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 556,787 shares of the utilities provider’s stock after selling 20,300 shares during the quarter. Mackenzie Financial Corp owned about 0.33% of Brookfield Renewable Partners worth $18,664,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brookfield Asset Management Inc. increased its holdings in shares of Brookfield Renewable Partners by 9.7% in the second quarter. Brookfield Asset Management Inc. now owns 56,068,944 shares of the utilities provider’s stock worth $1,786,357,000 after purchasing an additional 4,943,000 shares during the period. TD Asset Management Inc. increased its holdings in shares of Brookfield Renewable Partners by 0.4% in the third quarter. TD Asset Management Inc. now owns 3,384,550 shares of the utilities provider’s stock worth $113,148,000 after purchasing an additional 12,896 shares during the period. Scotia Capital Inc. increased its holdings in shares of Brookfield Renewable Partners by 19.5% in the second quarter. Scotia Capital Inc. now owns 2,527,595 shares of the utilities provider’s stock worth $80,466,000 after purchasing an additional 412,554 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Brookfield Renewable Partners by 1.5% in the third quarter. Principal Financial Group Inc. now owns 2,428,721 shares of the utilities provider’s stock worth $81,411,000 after purchasing an additional 36,368 shares during the period. Finally, FMR LLC increased its holdings in shares of Brookfield Renewable Partners by 5.1% in the second quarter. FMR LLC now owns 1,245,800 shares of the utilities provider’s stock worth $39,724,000 after purchasing an additional 60,000 shares during the period. 58.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Brookfield Renewable Partners LP (BEP) opened at $32.29 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.58 and a current ratio of 0.58. Brookfield Renewable Partners LP has a 1-year low of $28.13 and a 1-year high of $36.00.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be issued a $0.468 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. This represents a $1.87 annualized dividend and a yield of 5.80%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -1,558.20%.

BEP has been the topic of a number of research analyst reports. GMP Securities reissued a “hold” rating and issued a $34.50 target price on shares of Brookfield Renewable Partners in a research note on Friday, October 20th. BMO Capital Markets reissued a “hold” rating and issued a $35.00 target price on shares of Brookfield Renewable Partners in a research note on Friday, October 20th. Raymond James Financial reduced their target price on Brookfield Renewable Partners to $42.00 and set a “market perform” rating on the stock in a research note on Thursday, August 17th. Brookfield Renewable Partners increased their target price on Brookfield Renewable Partners to $48.50 and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, National Bank Financial increased their target price on Brookfield Renewable Partners from $35.00 to $45.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 18th. Twelve equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Brookfield Renewable Partners presently has an average rating of “Hold” and a consensus target price of $38.39.

TRADEMARK VIOLATION NOTICE: “Brookfield Renewable Partners LP (BEP) Shares Sold by Mackenzie Financial Corp” was published by Watch List News and is owned by of Watch List News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.watchlistnews.com/brookfield-renewable-partners-lp-bep-shares-sold-by-mackenzie-financial-corp/1749329.html.

Brookfield Renewable Partners Profile

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.

Institutional Ownership by Quarter for Brookfield Renewable Partners (NYSE:BEP)

Receive News & Ratings for Brookfield Renewable Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.