Richard C. Young & CO. LTD. trimmed its stake in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 28.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 123,053 shares of the utilities provider’s stock after selling 49,698 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in Brookfield Renewable Partners L.P. were worth $3,930,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BEP. American Assets Capital Advisers bought a new stake in shares of Brookfield Renewable Partners L.P. during the 2nd quarter valued at $10,520,000. Global X Management Co. LLC lifted its position in shares of Brookfield Renewable Partners L.P. by 1,008.4% during the 1st 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 during the period. Renaissance Technologies LLC lifted its position in shares of Brookfield Renewable Partners L.P. by 353.8% during the 1st 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 during the period. Principal Financial Group Inc. lifted its position in shares of Brookfield Renewable Partners L.P. by 6.3% during the 2nd quarter. Principal Financial Group Inc. now owns 2,392,353 shares of the utilities provider’s stock valued at $76,412,000 after acquiring an additional 142,656 shares during the period. Finally, FMR LLC lifted its position in shares of Brookfield Renewable Partners L.P. by 2.9% during the 1st quarter. FMR LLC now owns 1,185,800 shares of the utilities provider’s stock valued at $35,132,000 after acquiring an additional 33,000 shares during the period. Hedge funds and other institutional investors own 58.34% of the company’s stock.

A number of analysts have recently weighed in on BEP shares. BMO Capital Markets downgraded Brookfield Renewable Partners L.P. from an “outperform” rating to a “market perform” rating and set a $33.00 target price for the company. in a research report on Wednesday, May 24th. They noted that the move was a valuation call. ValuEngine upgraded Brookfield Renewable Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. BidaskClub upgraded Brookfield Renewable Partners L.P. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research downgraded Brookfield Renewable Partners L.P. from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Finally, Royal Bank Of Canada upped their target price on Brookfield Renewable Partners L.P. from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 8th. Ten investment 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 company. The stock currently has an average rating of “Hold” and an average price target of $36.56.

Shares of Brookfield Renewable Partners L.P. (NYSE:BEP) traded down 0.32% during mid-day trading on Thursday, hitting $34.30. The company had a trading volume of 26,778 shares. The company has a market capitalization of $10.18 billion, a PE ratio of 11433.33 and a beta of 0.24. The company’s 50-day moving average is $34.44 and its 200 day moving average is $31.92. Brookfield Renewable Partners L.P. has a one year low of $26.61 and a one year high of $36.00.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.05. The company had revenue of $683.00 million during the quarter, compared to analysts’ expectations of $721.75 million. Brookfield Renewable Partners L.P. had a return on equity of 0.76% and a net margin of 3.66%. On average, equities research analysts forecast that Brookfield Renewable Partners L.P. will post $0.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Thursday, August 31st will be given a $0.4675 dividend. This represents a $1.87 annualized dividend 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 (DPR) is presently -1,869.81%.

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Brookfield Renewable Partners L.P. 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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