Groupe la Francaise Has $5.21 Million Holdings in Brookfield Renewable Partners L.P. $BEP

Groupe la Francaise increased its stake in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 194.5% during the first quarter, HoldingsChannel reports. The fund owned 159,894 shares of the utilities provider’s stock after buying an additional 105,599 shares during the period. Groupe la Francaise’s holdings in Brookfield Renewable Partners were worth $5,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BROOKFIELD Corp ON boosted its stake in Brookfield Renewable Partners by 9.4% in the 4th quarter. BROOKFIELD Corp ON now owns 81,306,719 shares of the utilities provider’s stock worth $2,192,842,000 after purchasing an additional 6,967,670 shares during the period. Principal Financial Group Inc. raised its stake in shares of Brookfield Renewable Partners by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 10,305,148 shares of the utilities provider’s stock valued at $277,930,000 after purchasing an additional 177,599 shares during the period. Bank of Montreal Can raised its stake in shares of Brookfield Renewable Partners by 20.3% in the 4th quarter. Bank of Montreal Can now owns 8,394,947 shares of the utilities provider’s stock valued at $226,859,000 after purchasing an additional 1,415,989 shares during the period. State of Wisconsin Investment Board lifted its holdings in shares of Brookfield Renewable Partners by 128.0% in the fourth quarter. State of Wisconsin Investment Board now owns 4,867,084 shares of the utilities provider’s stock valued at $131,265,000 after purchasing an additional 2,732,542 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Brookfield Renewable Partners by 41.9% in the fourth quarter. Morgan Stanley now owns 4,029,046 shares of the utilities provider’s stock valued at $108,663,000 after purchasing an additional 1,189,130 shares in the last quarter. 63.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BEP shares. Wall Street Zen cut Brookfield Renewable Partners from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Barclays set a $30.00 target price on Brookfield Renewable Partners and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. TD Securities reaffirmed a “buy” rating and set a $39.00 price target on shares of Brookfield Renewable Partners in a research report on Monday, May 4th. National Bank Financial raised their price target on shares of Brookfield Renewable Partners from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, June 11th. Finally, Scotiabank reiterated an “outperform” rating and issued a $42.00 price objective (up from $36.00) on shares of Brookfield Renewable Partners in a report on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.93.

Brookfield Renewable Partners Trading Up 0.7%

Brookfield Renewable Partners stock opened at $32.89 on Friday. The company has a market cap of $9.87 billion, a price-to-earnings ratio of -106.09 and a beta of 1.10. The firm has a 50-day moving average of $34.33 and a 200-day moving average of $32.70. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.75 and a quick ratio of 0.75. Brookfield Renewable Partners L.P. has a one year low of $24.13 and a one year high of $38.12.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its earnings results on Friday, July 31st. The utilities provider reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.02). The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.56 billion. Brookfield Renewable Partners had a net margin of 8.28% and a return on equity of 1.57%. On average, equities analysts expect that Brookfield Renewable Partners L.P. will post -1.55 earnings per share for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be paid a $0.392 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Monday, August 31st. Brookfield Renewable Partners’s dividend payout ratio (DPR) is currently -506.45%.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy.

The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.