Cibc World Market Inc. Has $62.65 Million Stock Holdings in Brookfield Renewable Partners L.P. (NYSE:BEP)

Cibc World Market Inc. boosted its position in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,751,587 shares of the utilities provider’s stock after purchasing an additional 116,593 shares during the period. Cibc World Market Inc. owned about 0.96% of Brookfield Renewable Partners worth $62,647,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Stifel Financial Corp increased its holdings in shares of Brookfield Renewable Partners by 1.3% during the third quarter. Stifel Financial Corp now owns 31,214 shares of the utilities provider’s stock worth $880,000 after purchasing an additional 403 shares during the period. GAMMA Investing LLC boosted its position in Brookfield Renewable Partners by 86.5% in the third quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider’s stock valued at $27,000 after buying an additional 442 shares in the last quarter. HighTower Advisors LLC boosted its position in Brookfield Renewable Partners by 1.6% in the third quarter. HighTower Advisors LLC now owns 46,845 shares of the utilities provider’s stock valued at $1,321,000 after buying an additional 749 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Brookfield Renewable Partners by 7.2% during the third quarter. Apollon Wealth Management LLC now owns 13,999 shares of the utilities provider’s stock worth $394,000 after purchasing an additional 945 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Brookfield Renewable Partners during the third quarter worth $28,000. 63.16% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Partners Trading Up 0.2 %

NYSE:BEP opened at $20.68 on Friday. Brookfield Renewable Partners L.P. has a 12 month low of $19.92 and a 12 month high of $29.56. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average price of $23.19 and a 200-day moving average price of $24.78. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of -25.22 and a beta of 0.95.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its earnings results on Friday, November 8th. The utilities provider reported ($0.32) earnings per share (EPS) 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 firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $843.18 million. During the same period last year, the firm posted ($0.14) earnings per share. Equities analysts predict that Brookfield Renewable Partners L.P. will post -0.88 EPS for the current year.

Brookfield Renewable Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a $0.355 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.87%. Brookfield Renewable Partners’s payout ratio is currently -173.17%.

Analyst Ratings Changes

Several equities analysts recently issued reports on BEP shares. JPMorgan Chase & Co. dropped their target price on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. National Bankshares cut their price target on shares of Brookfield Renewable Partners from $33.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Scotiabank cut their price target on shares of Brookfield Renewable Partners from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday. StockNews.com cut shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research note on Thursday, December 26th. Finally, CIBC boosted their target price on shares of Brookfield Renewable Partners from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Brookfield Renewable Partners has a consensus rating of “Moderate Buy” and an average target price of $31.78.

Brookfield Renewable Partners 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.