Janney Montgomery Scott LLC grew its stake in Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) by 105.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,768 shares of the utilities provider’s stock after buying an additional 7,063 shares during the period. Janney Montgomery Scott LLC’s holdings in Brookfield Renewable Partners were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in shares of Brookfield Renewable Partners during the 2nd quarter worth about $1,906,000. Veritable L.P. bought a new position in shares of Brookfield Renewable Partners during the 2nd quarter worth about $214,000. DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in shares of Brookfield Renewable Partners by 27.4% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 47,924 shares of the utilities provider’s stock worth $1,522,000 after acquiring an additional 10,317 shares during the period. First Republic Investment Management Inc. lifted its holdings in shares of Brookfield Renewable Partners by 11.7% during the 2nd quarter. First Republic Investment Management Inc. now owns 43,615 shares of the utilities provider’s stock worth $1,509,000 after acquiring an additional 4,560 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Brookfield Renewable Partners by 1.5% during the 2nd quarter. Bank of Montreal Can now owns 4,487,777 shares of the utilities provider’s stock worth $155,233,000 after acquiring an additional 65,181 shares during the period. Institutional investors own 54.47% of the company’s stock.

Shares of NYSE:BEP opened at $44.38 on Thursday. Brookfield Renewable Partners LP has a one year low of $24.51 and a one year high of $44.49. The company has a 50 day moving average of $41.78 and a 200-day moving average of $36.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 341.38 and a beta of 0.48.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings results on Monday, November 11th. The utilities provider reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.18). Brookfield Renewable Partners had a return on equity of 1.70% and a net margin of 9.26%. The business had revenue of $642.00 million for the quarter.

A number of equities analysts have recently commented on BEP shares. ValuEngine downgraded shares of Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays lifted their price target on shares of Brookfield Renewable Partners from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, September 30th. National Bank Financial lifted their price target on shares of Brookfield Renewable Partners from $37.00 to $39.00 and gave the company a “sector perform” rating in a report on Monday, September 30th. Wells Fargo & Co lifted their price target on shares of Brookfield Renewable Partners from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Credit Suisse Group downgraded shares of Brookfield Renewable Partners from an “outperform” rating to a “neutral” rating in a report on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.11.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydro, wind, solar, cogeneration, and biomass sources. Its portfolio consists of approximately 17,400 megawatts of installed capacity.

Featured Article: How is net asset value different from market price?

Want to see what other hedge funds are holding BEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP).

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

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