CIBC Asset Management Inc trimmed its holdings in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 647,289 shares of the utilities provider’s stock after selling 16,335 shares during the period. CIBC Asset Management Inc owned approximately 0.39% of Brookfield Renewable Partners L.P. worth $21,632,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in shares of Brookfield Renewable Partners L.P. during the second quarter valued at approximately $109,000. Chicago Partners Investment Group LLC purchased a new position in shares of Brookfield Renewable Partners L.P. during the second quarter valued at approximately $259,000. Wells Fargo & Company MN lifted its holdings in shares of Brookfield Renewable Partners L.P. by 242.2% during the second quarter. Wells Fargo & Company MN now owns 8,972 shares of the utilities provider’s stock valued at $287,000 after purchasing an additional 6,350 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Brookfield Renewable Partners L.P. during the second quarter valued at approximately $305,000. Finally, DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in shares of Brookfield Renewable Partners L.P. by 8.2% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 19,230 shares of the utilities provider’s stock valued at $644,000 after purchasing an additional 1,450 shares during the last quarter. Hedge funds and other institutional investors own 57.94% of the company’s stock.

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Shares of Brookfield Renewable Partners L.P. (NYSE:BEP) traded down $0.18 on Tuesday, reaching $33.87. 52,300 shares of the company’s stock were exchanged, compared to its average volume of 65,370. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.74. Brookfield Renewable Partners L.P. has a 1-year low of $26.61 and a 1-year high of $36.00.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.468 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from Brookfield Renewable Partners L.P.’s previous quarterly dividend of $0.47. This represents a $1.87 dividend on an annualized basis and a yield of 5.53%. Brookfield Renewable Partners L.P.’s payout ratio is currently -1,558.20%.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Brookfield Renewable Partners L.P. from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. BMO Capital Markets restated a “hold” rating and issued a $35.00 price objective on shares of Brookfield Renewable Partners L.P. in a report on Friday, October 20th. Royal Bank Of Canada boosted their price objective on shares of Brookfield Renewable Partners L.P. from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 8th. Raymond James Financial, Inc. decreased their price objective on shares of Brookfield Renewable Partners L.P. from $35.00 to $33.00 and set a “market perform” rating for the company in a report on Tuesday, August 8th. Finally, National Bank Financial lowered shares of Brookfield Renewable Partners L.P. from an “outperform” rating to a “sector perform” rating and set a $35.00 price objective for the company. in a report on Tuesday, August 8th. Twelve investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.39.

About Brookfield Renewable Partners L.P.

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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