Baldwin Investment Management LLC Takes $296,000 Position in Brookfield Renewable Partners LP (BEP)

Baldwin Investment Management LLC purchased a new position in Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,843 shares of the utilities provider’s stock, valued at approximately $296,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bowen Hanes & Co. Inc. increased its stake in shares of Brookfield Renewable Partners by 0.4% in the second quarter. Bowen Hanes & Co. Inc. now owns 268,495 shares of the utilities provider’s stock worth $8,576,000 after acquiring an additional 1,000 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its stake in shares of Brookfield Renewable Partners by 8.2% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 19,230 shares of the utilities provider’s stock worth $644,000 after acquiring an additional 1,450 shares during the last quarter. Guardian Capital Advisors LP increased its stake in shares of Brookfield Renewable Partners by 2.7% in the second quarter. Guardian Capital Advisors LP now owns 57,771 shares of the utilities provider’s stock worth $2,372,000 after acquiring an additional 1,546 shares during the last quarter. Commonwealth Equity Services Inc increased its stake in shares of Brookfield Renewable Partners by 19.7% in the third quarter. Commonwealth Equity Services Inc now owns 13,333 shares of the utilities provider’s stock worth $446,000 after acquiring an additional 2,193 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Brookfield Renewable Partners in the second quarter worth $109,000. 58.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of Brookfield Renewable Partners LP (BEP) opened at $33.13 on Monday. Brookfield Renewable Partners LP has a fifty-two week low of $28.13 and a fifty-two week high of $36.00. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.74.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.468 per share. This represents a $1.87 dividend on an annualized basis and a yield of 5.65%. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Wednesday, November 29th. Brookfield Renewable Partners’s dividend payout ratio is -1,558.20%.

A number of equities research analysts recently issued reports on BEP shares. Barclays set a $36.00 price objective on shares of Brookfield Renewable Partners and gave the stock a “hold” rating in a report on Sunday, August 6th. TD Securities upped their price objective on shares of Brookfield Renewable Partners from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. National Bank Financial cut shares of Brookfield Renewable Partners from an “outperform” rating to a “sector perform” rating and set a $35.00 price objective for the company. in a report on Tuesday, August 8th. Raymond James Financial decreased their price objective on shares of Brookfield Renewable Partners from $35.00 to $33.00 and set a “market perform” rating for the company in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada upped their price objective on shares of Brookfield Renewable Partners from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 8th. Twelve equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.39.

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Brookfield Renewable Partners 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.

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

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