Jones Financial Companies Lllp Has $59,000 Stake in Brookfield Renewable Partners L.P. (NYSE:BEP)

Jones Financial Companies Lllp increased its position in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 26.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,587 shares of the utilities provider’s stock after acquiring an additional 537 shares during the quarter. Jones Financial Companies Lllp’s holdings in Brookfield Renewable Partners were worth $59,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sage Investment Counsel LLC acquired a new position in shares of Brookfield Renewable Partners in the fourth quarter valued at approximately $488,000. Lincluden Management Ltd. increased its stake in shares of Brookfield Renewable Partners by 4.6% in the fourth quarter. Lincluden Management Ltd. now owns 686,764 shares of the utilities provider’s stock valued at $15,642,000 after buying an additional 30,513 shares during the period. CIBC Asset Management Inc increased its stake in shares of Brookfield Renewable Partners by 23.8% in the fourth quarter. CIBC Asset Management Inc now owns 8,472,170 shares of the utilities provider’s stock valued at $192,605,000 after buying an additional 1,628,524 shares during the period. Principal Financial Group Inc. increased its stake in shares of Brookfield Renewable Partners by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 7,851,842 shares of the utilities provider’s stock valued at $178,943,000 after buying an additional 246,163 shares during the period. Finally, Allworth Financial LP acquired a new position in shares of Brookfield Renewable Partners in the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 63.16% of the company’s stock.

Brookfield Renewable Partners Price Performance

Brookfield Renewable Partners stock opened at $22.86 on Tuesday. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of -25.69 and a beta of 1.02. Brookfield Renewable Partners L.P. has a 52-week low of $19.92 and a 52-week high of $29.56. The stock’s 50 day moving average price is $22.11 and its two-hundred day moving average price is $24.32. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.25.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last posted its quarterly 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 quarter in the previous year, the business posted $0.01 EPS. On average, equities analysts predict that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current year.

Brookfield Renewable Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.373 dividend. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is currently -167.42%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BEP. Wells Fargo & Company lowered their price objective on Brookfield Renewable Partners from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $31.00 target price on shares of Brookfield Renewable Partners in a research report on Monday, February 3rd. National Bankshares decreased their target price on shares of Brookfield Renewable Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Finally, StockNews.com downgraded shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.