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

Arkadios Wealth Advisors increased its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 442.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,399 shares of the utilities provider’s stock after buying an additional 42,737 shares during the period. Arkadios Wealth Advisors’ holdings in Brookfield Renewable Partners were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CCLA Investment Management increased its stake in shares of 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 purchasing an additional 49,553 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Brookfield Renewable Partners by 4.5% during the third quarter. Principal Financial Group Inc. now owns 7,605,679 shares of the utilities provider’s stock worth $214,328,000 after purchasing an additional 330,648 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Brookfield Renewable Partners during the third quarter worth approximately $28,000. Barclays PLC raised its stake in 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 buying an additional 2,036 shares during the period. Finally, Toronto Dominion Bank lifted its position in shares of Brookfield Renewable Partners by 11.1% in the third quarter. Toronto Dominion Bank now owns 1,735,462 shares of the utilities provider’s stock valued at $48,905,000 after buying an additional 173,882 shares during the last quarter. 63.16% of the stock is owned by institutional investors.

Brookfield Renewable Partners Stock Down 1.4 %

Shares of BEP opened at $20.64 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $5.88 billion, a PE ratio of -25.17 and a beta of 0.95. The firm’s 50 day moving average is $23.91 and its 200-day moving average is $25.06. Brookfield Renewable Partners L.P. has a 12 month low of $19.92 and a 12 month high of $29.56.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last posted its quarterly earnings data on Friday, November 8th. The utilities provider reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.28). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $843.18 million. Brookfield Renewable Partners had a return on equity of 0.24% and a net margin of 1.16%. During the same quarter last year, the business earned ($0.14) EPS. Equities research analysts forecast that Brookfield Renewable Partners L.P. will post -0.88 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 annualized dividend and a yield of 6.88%. Brookfield Renewable Partners’s dividend payout ratio is -173.17%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. CIBC boosted their target price on Brookfield Renewable Partners from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. UBS Group raised 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 research report on Monday, September 30th. JPMorgan Chase & Co. raised shares of Brookfield Renewable Partners from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $31.00 price target on shares of Brookfield Renewable Partners in a research note on Wednesday, October 9th. Finally, StockNews.com downgraded shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Thursday, December 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Brookfield Renewable Partners has an average rating of “Moderate Buy” and a consensus target price 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.