Brookfield Renewable Partners L.P. (NYSE:BEP) Shares Sold by Silver Lake Advisory LLC

Silver Lake Advisory LLC lessened its stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 6.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,625 shares of the utilities provider’s stock after selling 1,750 shares during the period. Silver Lake Advisory LLC’s holdings in Brookfield Renewable Partners were worth $673,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Advisors LLC grew its stake in shares of Brookfield Renewable Partners by 8.5% in the 3rd quarter. Clearstead Advisors LLC now owns 12,383 shares of the utilities provider’s stock valued at $269,000 after buying an additional 967 shares during the period. Baystate Wealth Management LLC acquired a new position in Brookfield Renewable Partners in the fourth quarter valued at approximately $26,000. SFE Investment Counsel grew its position in Brookfield Renewable Partners by 2.1% in the fourth quarter. SFE Investment Counsel now owns 48,281 shares of the utilities provider’s stock worth $1,269,000 after acquiring an additional 1,000 shares during the period. Commonwealth Equity Services LLC increased its stake in Brookfield Renewable Partners by 3.1% during the third quarter. Commonwealth Equity Services LLC now owns 34,683 shares of the utilities provider’s stock worth $754,000 after acquiring an additional 1,047 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in Brookfield Renewable Partners by 3.8% in the third quarter. HighTower Advisors LLC now owns 58,512 shares of the utilities provider’s stock valued at $1,271,000 after purchasing an additional 2,165 shares during the period. Hedge funds and other institutional investors own 63.16% of the company’s stock.

Brookfield Renewable Partners Trading Up 4.2 %

Shares of NYSE:BEP traded up $0.99 during trading on Thursday, hitting $24.29. The company’s stock had a trading volume of 313,508 shares, compared to its average volume of 508,425. Brookfield Renewable Partners L.P. has a fifty-two week low of $19.92 and a fifty-two week high of $32.76. The business has a 50 day moving average price of $22.35 and a two-hundred day moving average price of $23.86. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.57 and a current ratio of 0.57.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its earnings results on Friday, February 2nd. The utilities provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. Brookfield Renewable Partners had a return on equity of 2.23% and a net margin of 12.23%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm posted ($0.16) EPS. Brookfield Renewable Partners’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, sell-side analysts forecast that Brookfield Renewable Partners L.P. will post -0.01 EPS for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a $0.355 dividend. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.42 annualized dividend and a yield of 5.85%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -315.63%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BEP. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $28.00 price target (down from $36.00) on shares of Brookfield Renewable Partners in a report on Monday, February 12th. Raymond James decreased their target price on shares of Brookfield Renewable Partners from $33.00 to $32.00 and set a “strong-buy” rating on the stock in a research report on Thursday, April 25th. StockNews.com cut shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. Finally, National Bankshares boosted their target price on Brookfield Renewable Partners from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.