Zevin Asset Management LLC Takes $216,000 Position in Brookfield Renewable Partners L.P. (NYSE:BEP)

Zevin Asset Management LLC acquired a new stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,483 shares of the utilities provider’s stock, valued at approximately $216,000.

Other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Brookfield Renewable Partners during the 3rd quarter worth approximately $28,000. Promus Capital LLC acquired a new stake in Brookfield Renewable Partners during the 4th quarter worth approximately $37,000. Jones Financial Companies Lllp lifted its holdings in Brookfield Renewable Partners by 26.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 537 shares during the last quarter. Allworth Financial LP acquired a new stake in Brookfield Renewable Partners during the 4th quarter worth approximately $68,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Brookfield Renewable Partners by 81.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 1,391 shares during the last quarter. 63.16% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Partners Price Performance

Shares of BEP stock opened at $22.78 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.25 and a debt-to-equity ratio of 0.93. Brookfield Renewable Partners L.P. has a twelve month low of $19.92 and a twelve month high of $29.56. The company has a market cap of $6.50 billion, a P/E ratio of -25.60 and a beta of 1.02. The business has a fifty day simple moving average of $22.12 and a 200 day simple moving average of $24.35.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its earnings results on Friday, January 31st. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.16. Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15%. During the same period in the previous year, the firm posted $0.01 earnings per share. On average, sell-side analysts forecast that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.36. Brookfield Renewable Partners’s dividend payout ratio is presently -167.42%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com cut Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a report on Monday, February 3rd. National Bankshares dropped their price objective on Brookfield Renewable Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. CIBC dropped their price objective on Brookfield Renewable Partners from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. Finally, Scotiabank lifted their price objective on Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

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.