Arkadios Wealth Advisors Has $1.19 Million Stake in Brookfield Renewable Partners L.P. (NYSE:BEP)

Arkadios Wealth Advisors grew its holdings in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 442.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,399 shares of the utilities provider’s stock after purchasing an additional 42,737 shares during the quarter. Arkadios Wealth Advisors’ holdings in Brookfield Renewable Partners were worth $1,194,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. CCLA Investment Management grew its holdings in Brookfield Renewable Partners by 1.9% during the 4th quarter. CCLA Investment Management now owns 2,627,972 shares of the utilities provider’s stock worth $59,838,000 after acquiring an additional 49,553 shares during the last quarter. Intact Investment Management Inc. bought a new stake in shares of Brookfield Renewable Partners during the third quarter valued at approximately $42,331,000. MAI Capital Management increased its holdings in shares of Brookfield Renewable Partners by 294.2% in the third quarter. MAI Capital Management now owns 86,683 shares of the utilities provider’s stock valued at $2,443,000 after purchasing an additional 64,695 shares in the last quarter. Mirabella Financial Services LLP raised its position in Brookfield Renewable Partners by 145.2% in the 3rd quarter. Mirabella Financial Services LLP now owns 466,736 shares of the utilities provider’s stock worth $13,153,000 after purchasing an additional 276,374 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Brookfield Renewable Partners by 4.5% during the 3rd quarter. Principal Financial Group Inc. now owns 7,605,679 shares of the utilities provider’s stock worth $214,328,000 after buying an additional 330,648 shares in the last quarter. Institutional investors own 63.16% of the company’s stock.

Brookfield Renewable Partners Price Performance

BEP opened at $20.64 on Monday. The stock has a market cap of $5.88 billion, a P/E ratio of -25.17 and a beta of 0.95. 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 quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $23.91 and a 200 day simple moving average of $25.06.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings results on Friday, November 8th. The utilities provider reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $843.18 million. During the same period in the prior year, the business earned ($0.14) EPS. On average, research analysts expect that Brookfield Renewable Partners L.P. will post -0.88 EPS for the current year.

Brookfield Renewable Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date was Friday, November 29th. Brookfield Renewable Partners’s payout ratio is currently -173.17%.

Wall Street Analysts Forecast Growth

BEP has been the subject of a number of recent research reports. StockNews.com downgraded Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Thursday, December 26th. JPMorgan Chase & Co. raised Brookfield Renewable Partners from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Thursday, December 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $31.00 target price on shares of Brookfield Renewable Partners in a research note on Wednesday, October 9th. UBS Group upgraded shares of Brookfield Renewable Partners from a “neutral” rating to a “buy” rating and increased their price objective for the company from $24.00 to $31.00 in a report on Monday, September 30th. Finally, National Bankshares lowered their target price on shares of Brookfield Renewable Partners from $33.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.44.

About Brookfield Renewable Partners

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.