SFE Investment Counsel cut its stake in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 12.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,045 shares of the utilities provider’s stock after selling 6,315 shares during the period. SFE Investment Counsel’s holdings in Brookfield Renewable Partners L.P. were worth $1,439,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BEP. Global X Management Co. LLC boosted its position in Brookfield Renewable Partners L.P. by 10.0% in the second quarter. Global X Management Co. LLC now owns 316,513 shares of the utilities provider’s stock valued at $10,109,000 after buying an additional 28,773 shares in the last quarter. American Assets Capital Advisers purchased a new position in Brookfield Renewable Partners L.P. during the second quarter valued at about $10,520,000. Bowen Hanes & Co. Inc. boosted its position in Brookfield Renewable Partners L.P. by 0.4% in the second quarter. Bowen Hanes & Co. Inc. now owns 268,495 shares of the utilities provider’s stock valued at $8,576,000 after buying an additional 1,000 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in Brookfield Renewable Partners L.P. during the second quarter valued at about $259,000. Finally, First Manhattan Co. boosted its position in Brookfield Renewable Partners L.P. by 3.0% in the second quarter. First Manhattan Co. now owns 564,697 shares of the utilities provider’s stock valued at $17,979,000 after buying an additional 16,522 shares in the last quarter. Hedge funds and other institutional investors own 54.31% of the company’s stock.

Brookfield Renewable Partners L.P. (BEP) opened at 33.43 on Tuesday. The firm’s 50-day moving average is $33.11 and its 200-day moving average is $31.15. Brookfield Renewable Partners L.P. has a 52-week low of $26.61 and a 52-week high of $35.00. The firm has a market capitalization of $9.92 billion, a PE ratio of 11143.33 and a beta of 0.25.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Brookfield Renewable Partners L.P. had a net margin of 2.82% and a return on equity of 0.76%. The firm had revenue of $683 million for the quarter, compared to analyst estimates of $721.75 million. On average, analysts anticipate that Brookfield Renewable Partners L.P. will post $0.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Thursday, August 31st will be given a $0.4675 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.87 dividend on an annualized basis and a yield of 5.59%.

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Several equities analysts recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Brookfield Renewable Partners L.P. from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 8th. Raymond James Financial, Inc. decreased their target price on shares of Brookfield Renewable Partners L.P. from $35.00 to $33.00 and set a “market perform” rating for the company in a research note on Tuesday, August 8th. National Bank Financial cut shares of Brookfield Renewable Partners L.P. from an “outperform” rating to a “sector perform” rating and set a $35.00 target price for the company. in a research note on Tuesday, August 8th. TD Securities boosted their target price on shares of Brookfield Renewable Partners L.P. from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Finally, Barclays PLC set a $36.00 target price on shares of Brookfield Renewable Partners L.P. and gave the company a “hold” rating in a research note on Sunday, August 6th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.75.

About Brookfield Renewable Partners L.P.

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.

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

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