Rempart Asset Management Inc. Has $7.07 Million Stock Holdings in Brookfield Renewable Partners L.P. (NYSE:BEP)

Rempart Asset Management Inc. decreased its stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 311,115 shares of the utilities provider’s stock after selling 21,720 shares during the quarter. Brookfield Renewable Partners makes up about 1.4% of Rempart Asset Management Inc.’s holdings, making the stock its 24th biggest position. Rempart Asset Management Inc. owned approximately 0.11% of Brookfield Renewable Partners worth $7,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BEP. Private Advisor Group LLC raised its position in shares of Brookfield Renewable Partners by 55.8% in the second quarter. Private Advisor Group LLC now owns 22,016 shares of the utilities provider’s stock valued at $545,000 after purchasing an additional 7,886 shares during the period. CCLA Investment Management lifted its position in Brookfield Renewable Partners by 1.9% during the 2nd quarter. CCLA Investment Management now owns 2,578,419 shares of the utilities provider’s stock worth $63,952,000 after acquiring an additional 47,734 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Brookfield Renewable Partners by 0.3% during the second quarter. APG Asset Management N.V. now owns 1,747,150 shares of the utilities provider’s stock valued at $40,327,000 after acquiring an additional 5,388 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Brookfield Renewable Partners by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 282,574 shares of the utilities provider’s stock valued at $6,988,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Brookfield Renewable Partners in the second quarter worth about $359,000. 63.16% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Partners Price Performance

BEP traded down $0.63 during midday trading on Wednesday, hitting $22.98. The company had a trading volume of 171,529 shares, compared to its average volume of 422,870. Brookfield Renewable Partners L.P. has a twelve month low of $19.92 and a twelve month high of $29.56. The firm’s 50-day simple moving average is $24.59 and its 200-day simple moving average is $25.27. The company has a market capitalization of $6.55 billion, a PE ratio of -28.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.73.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $843.18 million. During the same quarter last year, the firm earned ($0.14) EPS. Equities research analysts predict that Brookfield Renewable Partners L.P. will post -0.88 EPS for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a yield of 6.18%. Brookfield Renewable Partners’s payout ratio is presently -173.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BEP shares. StockNews.com downgraded shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Thursday, December 26th. CIBC increased their price target on shares of Brookfield Renewable Partners from $33.00 to $34.00 and gave the stock an “outperformer” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded Brookfield Renewable Partners from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research report on Thursday, December 12th. UBS Group upgraded Brookfield Renewable Partners from a “neutral” rating to a “buy” rating and upped their price target for the company from $24.00 to $31.00 in a research report on Monday, September 30th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $31.00 target price on shares of Brookfield Renewable Partners in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.78.

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.