Epiq Partners LLC Buys 1,500 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

Epiq Partners LLC grew its stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,228 shares of the utilities provider’s stock after acquiring an additional 1,500 shares during the period. Brookfield Renewable Partners accounts for 1.3% of Epiq Partners LLC’s holdings, making the stock its 25th biggest holding. Epiq Partners LLC’s holdings in Brookfield Renewable Partners were worth $2,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Brookfield Renewable Partners by 86.5% in the 3rd quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider’s stock worth $27,000 after buying an additional 442 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Brookfield Renewable Partners in the third quarter worth about $28,000. Waverton Investment Management Ltd purchased a new stake in Brookfield Renewable Partners in the third quarter worth about $178,000. Barclays PLC grew its holdings in Brookfield Renewable Partners by 40.6% during the 3rd quarter. Barclays PLC now owns 7,047 shares of the utilities provider’s stock worth $199,000 after acquiring an additional 2,036 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of Brookfield Renewable Partners in the 3rd quarter valued at about $206,000. 63.16% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Partners Trading Down 0.8 %

Brookfield Renewable Partners stock opened at $21.21 on Tuesday. Brookfield Renewable Partners L.P. has a 52 week low of $19.92 and a 52 week high of $29.56. The stock has a 50-day moving average price of $23.44 and a 200 day moving average price of $24.89. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of -25.86 and a beta of 0.95.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its quarterly earnings results on Friday, November 8th. The utilities provider reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.28). Brookfield Renewable Partners had a return on equity of 0.24% and a net margin of 1.16%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $843.18 million. During the same period in the prior year, the business posted ($0.14) earnings per share. Sell-side analysts anticipate that Brookfield Renewable Partners L.P. will post -0.88 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a dividend of $0.355 per share. The ex-dividend date was Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.70%. Brookfield Renewable Partners’s payout ratio is -173.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. National Bankshares dropped their price objective on shares of Brookfield Renewable Partners from $33.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. CIBC increased their target price on Brookfield Renewable Partners from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Scotiabank reduced their price target on Brookfield Renewable Partners from $32.00 to $28.00 and set a “sector outperform” rating for the company in a research report on Thursday, January 23rd. UBS Group raised Brookfield Renewable Partners from a “neutral” rating to a “buy” rating and raised their price objective for the company from $24.00 to $31.00 in a research report on Monday, September 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $31.00 price target on shares of Brookfield Renewable Partners in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Brookfield Renewable Partners presently has an average rating of “Moderate Buy” and a consensus target price of $31.78.

About Brookfield Renewable Partners

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.