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SG Americas Securities LLC Has $657000 Stock Position in … – MarketBeat

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SG Americas Securities LLC Has $657000 Stock Position in …  MarketBeat

SG Americas Securities LLC grew its position in Brookfield Renewable Partners L.P. (NYSE:BEPGet Rating) (TSE:BEP) by 78.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,983 shares of the utilities provider’s stock after purchasing an additional 9,244 shares during the period. SG Americas Securities LLC’s holdings in Brookfield Renewable Partners were worth $657,000 at the end of the most recent reporting period.

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A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BEP. Raymond James & Associates boosted its holdings in shares of Brookfield Renewable Partners by 1.3% in the 1st quarter. Raymond James & Associates now owns 36,752 shares of the utilities provider’s stock valued at $1,509,000 after buying an additional 461 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Brookfield Renewable Partners by 1.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 45,130 shares of the utilities provider’s stock worth $1,853,000 after acquiring an additional 453 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Brookfield Renewable Partners by 26.5% in the first quarter. PNC Financial Services Group Inc. now owns 8,767 shares of the utilities provider’s stock valued at $360,000 after buying an additional 1,838 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Brookfield Renewable Partners by 402.2% in the 1st quarter. Mackenzie Financial Corp now owns 123,848 shares of the utilities provider’s stock worth $5,091,000 after purchasing an additional 99,188 shares in the last quarter. Finally, Parkwood LLC acquired a new stake in Brookfield Renewable Partners during the 1st quarter worth approximately $1,366,000. 57.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BEP shares. Wells Fargo & Company dropped their price objective on Brookfield Renewable Partners from $38.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, November 7th. StockNews.com began coverage on Brookfield Renewable Partners in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Mizuho dropped their price objective on shares of Brookfield Renewable Partners from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, September 30th. TheStreet lowered shares of Brookfield Renewable Partners from a “c-” rating to a “d” rating in a research note on Friday, November 4th. Finally, TD Securities started coverage on shares of Brookfield Renewable Partners in a research note on Tuesday, October 18th. They issued a “buy” rating for the company. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

Brookfield Renewable Partners Trading Up 0.3 %

Shares of BEP stock opened at $28.80 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.79 and a current ratio of 0.79. Brookfield Renewable Partners L.P. has a 52-week low of $24.13 and a 52-week high of $41.95. The company has a market capitalization of $7.93 billion, a PE ratio of -51.43 and a beta of 0.73. The business’s fifty day moving average is $27.58 and its 200 day moving average is $32.15.

Brookfield Renewable Partners (NYSE:BEPGet Rating) (TSE:BEP) last issued its quarterly earnings data on Friday, November 4th. The utilities provider reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.21). Brookfield Renewable Partners had a return on equity of 0.49% and a net margin of 2.41%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $628.20 million. On average, equities research analysts anticipate that Brookfield Renewable Partners L.P. will post -0.29 EPS for the current fiscal year.

Brookfield Renewable Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.44%. The ex-dividend date was Tuesday, November 29th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is currently -228.57%.

Brookfield Renewable Partners Company Profile

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Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources.

Further Reading

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

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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