Scotia Capital Inc. Buys 412,554 Shares of Brookfield Renewable Partners L.P. (BEP)

Scotia Capital Inc. grew its stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 19.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,527,595 shares of the utilities provider’s stock after purchasing an additional 412,554 shares during the quarter. Brookfield Renewable Partners L.P. makes up about 1.4% of Scotia Capital Inc.’s holdings, making the stock its 15th largest position. Scotia Capital Inc. owned approximately 0.85% of Brookfield Renewable Partners L.P. worth $80,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Bowen Hanes & Co. Inc. lifted its holdings in shares of Brookfield Renewable Partners L.P. by 0.4% in the second quarter. Bowen Hanes & Co. Inc. now owns 268,495 shares of the utilities provider’s stock valued at $8,576,000 after purchasing an additional 1,000 shares in the last quarter. Guardian Capital Advisors LP increased its position in shares of Brookfield Renewable Partners L.P. by 2.7% during the second quarter. Guardian Capital Advisors LP now owns 57,771 shares of the utilities provider’s stock valued at $2,372,000 after acquiring an additional 1,546 shares during the last quarter. Karpas Strategies LLC increased its position in shares of Brookfield Renewable Partners L.P. by 2.4% during the second quarter. Karpas Strategies LLC now owns 118,525 shares of the utilities provider’s stock valued at $3,786,000 after acquiring an additional 2,800 shares during the last quarter. Greystone Investment Management LLC increased its position in shares of Brookfield Renewable Partners L.P. by 7.9% during the second quarter. Greystone Investment Management LLC now owns 41,190 shares of the utilities provider’s stock valued at $1,314,000 after acquiring an additional 3,000 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Brookfield Renewable Partners L.P. during the second quarter valued at approximately $109,000. Institutional investors own 58.34% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This article was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://www.com-unik.info/2017/10/10/scotia-capital-inc-buys-412554-shares-of-brookfield-renewable-partners-l-p-bep.html.

A number of analysts recently commented on the company. TD Securities increased their price target on Brookfield Renewable Partners L.P. from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Raymond James Financial, Inc. decreased their price target on Brookfield Renewable Partners L.P. from $35.00 to $33.00 and set a “market perform” rating for the company in a research report on Tuesday, August 8th. Royal Bank Of Canada increased their price target on Brookfield Renewable Partners L.P. from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 8th. National Bank Financial downgraded Brookfield Renewable Partners L.P. from an “outperform” rating to a “sector perform” rating and set a $35.00 price target for the company. in a research report on Tuesday, August 8th. Finally, Brookfield Renewable Partners LP decreased their price target on Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating for the company in a research report on Thursday, August 17th. Ten investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $36.78.

Brookfield Renewable Partners L.P. (BEP) traded up 0.3043% during mid-day trading on Tuesday, reaching $34.1135. The company’s stock had a trading volume of 31,578 shares. The company has a 50-day moving average price of $34.24 and a 200-day moving average price of $32.57. Brookfield Renewable Partners L.P. has a 12-month low of $26.61 and a 12-month high of $36.00. The firm has a market cap of $10.12 billion, a PE ratio of 11371.1660 and a beta of 0.23.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $683.00 million for the quarter, compared to analysts’ expectations of $721.75 million. Brookfield Renewable Partners L.P. had a return on equity of 0.76% and a net margin of 3.66%. On average, equities research analysts expect that Brookfield Renewable Partners L.P. will post $0.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th. Investors of record on Thursday, August 31st were given a $0.4675 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.87 annualized dividend and a yield of 5.50%. Brookfield Renewable Partners L.P.’s dividend payout ratio (DPR) is presently -1,869.81%.

Brookfield Renewable Partners L.P. Company Profile

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.

Institutional Ownership by Quarter for Brookfield Renewable Partners L.P. (NYSE:BEP)

What are top analysts saying about Brookfield Renewable Partners L.P.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Brookfield Renewable Partners L.P. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit