Lincluden Management Ltd. Acquires Shares of 38,700 Brookfield Renewable Partners L.P. (NYSE:BEP)

Lincluden Management Ltd. bought a new position in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 38,700 shares of the utilities provider’s stock, valued at approximately $1,496,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JTC Employer Solutions Trusteee Ltd acquired a new stake in Brookfield Renewable Partners in the second quarter worth $26,000. Exchange Traded Concepts LLC raised its holdings in Brookfield Renewable Partners by 19.9% in the second quarter. Exchange Traded Concepts LLC now owns 2,071 shares of the utilities provider’s stock worth $80,000 after purchasing an additional 344 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Brookfield Renewable Partners in the second quarter worth $96,000. GPS Wealth Strategies Group LLC raised its holdings in Brookfield Renewable Partners by 47.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 3,972 shares of the utilities provider’s stock worth $153,000 after purchasing an additional 1,271 shares during the period. Finally, Good Life Advisors LLC raised its holdings in Brookfield Renewable Partners by 12.6% in the second quarter. Good Life Advisors LLC now owns 5,357 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 600 shares during the period. Institutional investors own 54.81% of the company’s stock.

Brookfield Renewable Partners stock traded down $0.20 during midday trading on Monday, reaching $38.01. 9,166 shares of the company’s stock were exchanged, compared to its average volume of 381,145. The stock’s 50-day simple moving average is $39.23 and its 200 day simple moving average is $39.52. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of -42.96 and a beta of 0.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.86 and a current ratio of 0.86. Brookfield Renewable Partners L.P. has a 52 week low of $30.21 and a 52 week high of $49.87.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings data on Thursday, August 5th. The utilities provider reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $928.42 million. Brookfield Renewable Partners had a negative net margin of 9.25% and a negative return on equity of 1.80%. Brookfield Renewable Partners’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. Research analysts forecast that Brookfield Renewable Partners L.P. will post -0.36 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 29th. Shareholders of record on Tuesday, August 31st will be paid a $0.3038 dividend. The ex-dividend date is Monday, August 30th. This represents a $1.22 annualized dividend and a yield of 3.20%. Brookfield Renewable Partners’s dividend payout ratio is -200.00%.

BEP has been the topic of several analyst reports. Mizuho increased their target price on shares of Brookfield Renewable Partners from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, August 25th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Brookfield Renewable Partners from a “sell” rating to a “hold” rating in a report on Friday, August 6th. Tudor Pickering & Holt set a $44.00 price objective on shares of Brookfield Renewable Partners and gave the stock a “buy” rating in a report on Wednesday, September 22nd. Credit Suisse Group restated an “outperform” rating and set a $45.00 price objective on shares of Brookfield Renewable Partners in a report on Wednesday, September 22nd. Finally, CSFB set a $45.00 price objective on shares of Brookfield Renewable Partners and gave the stock an “outperform” rating in a report on Wednesday, September 22nd. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Brookfield Renewable Partners presently has an average rating of “Hold” and an average target price of $43.04.

About Brookfield Renewable Partners

Brookfield Renewable Partners LP engages in owning a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China.. It operates through following segments: Hydroelectric, Wind, Solar, Energy Transition, and Corporate. The Energy Transition segment distributes generation, pumped storage, cogeneration, and biomass.

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

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