21,425 Shares in Brookfield Renewable Partners L.P. (NYSE:BEP) Bought by Sage Investment Counsel LLC

Sage Investment Counsel LLC bought a new position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,425 shares of the utilities provider’s stock, valued at approximately $488,000.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in Brookfield Renewable Partners during the third quarter worth $28,000. Allworth Financial LP acquired a new position in shares of Brookfield Renewable Partners in the fourth quarter valued at $68,000. Waverton Investment Management Ltd acquired a new position in shares of Brookfield Renewable Partners in the third quarter valued at $178,000. Barclays PLC increased its holdings in shares of Brookfield Renewable Partners by 40.6% in the third quarter. Barclays PLC now owns 7,047 shares of the utilities provider’s stock valued at $199,000 after purchasing an additional 2,036 shares during the last quarter. Finally, Creative Planning acquired a new position in shares of Brookfield Renewable Partners in the third quarter valued at $206,000. 63.16% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Partners Trading Down 1.5 %

BEP opened at $22.51 on Friday. Brookfield Renewable Partners L.P. has a twelve month low of $19.92 and a twelve month high of $29.56. The company has a 50-day simple moving average of $22.24 and a 200 day simple moving average of $24.47. The company has a quick ratio of 0.73, a current ratio of 0.25 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of -25.29 and a beta of 0.95.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last posted its quarterly earnings data on Friday, January 31st. The utilities provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.16. Brookfield Renewable Partners had a negative net margin of 0.15% and a negative return on equity of 0.03%. During the same quarter in the previous year, the business earned $0.01 earnings per share. Analysts predict that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.373 per share. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.49 annualized dividend and a yield of 6.63%. Brookfield Renewable Partners’s dividend payout ratio is currently -167.42%.

Analyst Upgrades and Downgrades

BEP has been the topic of several research reports. CIBC decreased their price objective on shares of Brookfield Renewable Partners from $32.00 to $31.00 and set an “outperformer” rating on the stock in a report on Monday, February 3rd. Scotiabank upped their price objective on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective 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 reduced 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, Royal Bank of Canada reissued an “outperform” rating and issued a $31.00 target price on shares of Brookfield Renewable Partners in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.50.

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.