Great West Life Assurance Co. Can lessened its stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,171 shares of the utilities provider’s stock after selling 66 shares during the period. Great West Life Assurance Co. Can’s holdings in Brookfield Renewable Partners L.P. were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BEP. Jane Street Group LLC acquired a new position in Brookfield Renewable Partners L.P. in the first quarter valued at $454,000. Karpas Strategies LLC boosted its stake in Brookfield Renewable Partners L.P. by 2.4% in the second quarter. Karpas Strategies LLC now owns 118,525 shares of the utilities provider’s stock valued at $3,786,000 after acquiring an additional 2,800 shares in the last quarter. Renaissance Technologies LLC boosted its stake 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 valued at $7,598,000 after acquiring an additional 199,554 shares in the last quarter. Global X Management Co. LLC boosted its stake in Brookfield Renewable Partners L.P. by 1,008.4% in the first quarter. Global X Management Co. LLC now owns 287,740 shares of the utilities provider’s stock valued at $8,555,000 after acquiring an additional 261,780 shares in the last quarter. Finally, Hexavest Inc. boosted its stake in Brookfield Renewable Partners L.P. by 1.1% in the second quarter. Hexavest Inc. now owns 338,455 shares of the utilities provider’s stock valued at $10,776,000 after acquiring an additional 3,715 shares in the last quarter. Institutional investors own 58.34% of the company’s stock.

Several equities analysts have issued reports on the stock. Macquarie downgraded shares of Brookfield Renewable Partners L.P. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 28th. ValuEngine upgraded shares of Brookfield Renewable Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. BMO Capital Markets restated a “hold” rating and issued a $33.00 price objective on shares of Brookfield Renewable Partners L.P. in a research note on Wednesday, July 12th. Brookfield Renewable Partners LP decreased their target price on shares of Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating for the company in a research note on Thursday, August 17th. Finally, TD Securities increased their target price on shares of Brookfield Renewable Partners L.P. from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Ten investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.56.

Shares of Brookfield Renewable Partners L.P. (NYSE BEP) opened at 34.4092 on Thursday. The firm has a market cap of $10.21 billion, a P/E ratio of 11469.7324 and a beta of 0.24. The stock’s 50 day moving average is $34.44 and its 200 day moving average is $31.92. Brookfield Renewable Partners L.P. has a 52 week low of $26.61 and a 52 week high of $36.00.

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 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 3.66% and a return on equity of 0.76%. The business had revenue of $683.00 million during the quarter, compared to the consensus estimate of $721.75 million. On average, equities research analysts predict that Brookfield Renewable Partners L.P. will post $0.01 earnings per share for the current fiscal year.

The firm 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 dividend of $0.4675 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend is Tuesday, August 29th. Brookfield Renewable Partners L.P.’s dividend payout ratio is presently -1,869.81%.

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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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