Brookfield Renewable Partners L.P. (NYSE:BEP) Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. boosted its holdings in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 22.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,726 shares of the utilities provider’s stock after purchasing an additional 2,500 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Brookfield Renewable Partners were worth $361,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Freedom LLC bought a new stake in Brookfield Renewable Partners in the fourth quarter valued at $28,000. Clear Street Markets LLC bought a new stake in Brookfield Renewable Partners in the fourth quarter valued at $34,000. Geneos Wealth Management Inc. lifted its stake in Brookfield Renewable Partners by 363.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,275 shares of the utilities provider’s stock valued at $52,000 after buying an additional 1,000 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Brookfield Renewable Partners by 69.4% in the first quarter. Steward Partners Investment Advisory LLC now owns 2,155 shares of the utilities provider’s stock valued at $68,000 after buying an additional 883 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. bought a new stake in Brookfield Renewable Partners in the second quarter valued at $90,000. Institutional investors and hedge funds own 63.16% of the company’s stock.

Brookfield Renewable Partners Price Performance

Shares of NYSE BEP opened at $21.04 on Monday. Brookfield Renewable Partners L.P. has a twelve month low of $19.97 and a twelve month high of $32.76. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of -65.75 and a beta of 0.80. The firm has a 50-day moving average of $23.09 and a two-hundred day moving average of $23.90.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings results on Friday, February 2nd. The utilities provider reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Brookfield Renewable Partners had a net margin of 12.23% and a return on equity of 2.23%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company earned ($0.16) EPS. Brookfield Renewable Partners’s revenue was up 10.6% on a year-over-year basis. As a group, analysts expect that Brookfield Renewable Partners L.P. will post -0.01 earnings per share for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 6.75%. This is an increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, February 28th. Brookfield Renewable Partners’s dividend payout ratio is presently -421.88%.

Wall Street Analysts Forecast Growth

BEP has been the topic of a number of recent research reports. National Bankshares raised their target price on Brookfield Renewable Partners from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. StockNews.com cut Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $28.00 price objective (down from $36.00) on shares of Brookfield Renewable Partners in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Brookfield Renewable Partners currently has a consensus rating of “Moderate Buy” and an average price target of $30.60.

Brookfield Renewable Partners Company Profile

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.