Chicago Partners Investment Group LLC acquired a new stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) during the second quarter, Holdings Channel reports. The fund acquired 8,098 shares of the utilities provider’s stock, valued at approximately $259,000.

A number of other institutional investors have also recently modified their holdings of BEP. Catawba Capital Management VA bought a new position in Brookfield Renewable Partners L.P. during the first quarter worth $402,000. Jane Street Group LLC bought a new position in Brookfield Renewable Partners L.P. during the first quarter worth $454,000. Greystone Investment Management LLC boosted its position in Brookfield Renewable Partners L.P. by 7.9% in the second quarter. Greystone Investment Management LLC now owns 41,190 shares of the utilities provider’s stock worth $1,314,000 after buying an additional 3,000 shares during the period. Karpas Strategies LLC boosted its position in Brookfield Renewable Partners L.P. by 0.8% in the first quarter. Karpas Strategies LLC now owns 115,725 shares of the utilities provider’s stock worth $3,441,000 after buying an additional 900 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Brookfield Renewable Partners L.P. by 353.8% in the first quarter. Renaissance Technologies LLC now owns 255,953 shares of the utilities provider’s stock worth $7,598,000 after buying an additional 199,554 shares during the period. 54.24% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Brookfield Renewable Partners L.P. had a return on equity of 0.75% and a net margin of 2.82%. The company had revenue of $683 million during the quarter, compared to the consensus estimate of $721.75 million.

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A number of research firms have recently weighed in on BEP. TheStreet raised Brookfield Renewable Partners L.P. from a “d+” rating to a “c-” rating in a report on Tuesday, June 27th. Wells Fargo & Company began coverage on Brookfield Renewable Partners L.P. in a report on Tuesday, May 9th. They issued an “outperform” rating for the company. Zacks Investment Research raised Brookfield Renewable Partners L.P. from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Raymond James Financial, Inc. cut Brookfield Renewable Partners L.P. to a “market perform” rating and set a $33.00 price target for the company. in a report on Monday, July 17th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $33.00 price target on shares of Brookfield Renewable Partners L.P. in a report on Wednesday, July 12th. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $36.00.

Brookfield Renewable Partners L.P. Company 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.

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

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