Nicola Wealth Management LTD. Has $3.07 Million Stock Holdings in Brookfield Renewable Partners L.P. (NYSE:BEP)

Nicola Wealth Management LTD. trimmed its stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,000 shares of the utilities provider’s stock after selling 9,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Brookfield Renewable Partners were worth $3,074,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Steward Partners Investment Advisory LLC grew its holdings in Brookfield Renewable Partners by 81.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 1,391 shares during the period. NINE MASTS CAPITAL Ltd grew its holdings in Brookfield Renewable Partners by 240.0% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 137,573 shares of the utilities provider’s stock worth $3,135,000 after purchasing an additional 97,105 shares during the period. Jones Financial Companies Lllp grew its holdings in Brookfield Renewable Partners by 26.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 537 shares during the period. Sage Investment Counsel LLC acquired a new stake in Brookfield Renewable Partners in the fourth quarter worth $488,000. Finally, Lincluden Management Ltd. grew its holdings in Brookfield Renewable Partners by 4.6% in the fourth quarter. Lincluden Management Ltd. now owns 686,764 shares of the utilities provider’s stock worth $15,642,000 after purchasing an additional 30,513 shares during the period. 63.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BEP has been the subject of a number of research reports. Scotiabank raised their price target on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. CIBC reduced their price objective on shares of Brookfield Renewable Partners from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company reduced their price objective on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, StockNews.com cut shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.50.

Brookfield Renewable Partners Stock Down 3.6 %

BEP opened at $21.69 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73. The company’s 50-day moving average is $22.21 and its 200 day moving average is $24.45. Brookfield Renewable Partners L.P. has a fifty-two week low of $19.92 and a fifty-two week high of $29.56. The firm has a market capitalization of $6.19 billion, a P/E ratio of -24.37 and a beta of 0.95.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings results on Friday, January 31st. The utilities provider reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the company earned $0.01 EPS. Research analysts expect that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The company also recently declared 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 positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -167.42%.

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.