Global X MANAGEMENT CO LLC increased its stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 325,110 shares of the utilities provider’s stock after purchasing an additional 8,597 shares during the period. Global X MANAGEMENT CO LLC owned 0.19% of Brookfield Renewable Partners L.P. worth $10,898,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Brookfield Renewable Partners L.P. by 6.3% in the 2nd quarter. Principal Financial Group Inc. now owns 2,392,353 shares of the utilities provider’s stock worth $76,412,000 after purchasing an additional 142,656 shares during the last quarter. Advisors Capital Management LLC bought a new position in Brookfield Renewable Partners L.P. in the 3rd quarter worth approximately $3,890,000. Ecofin Ltd. bought a new position in Brookfield Renewable Partners L.P. in the 2nd quarter worth approximately $4,312,000. AGF Investments America Inc. raised its position in Brookfield Renewable Partners L.P. by 5.2% in the 2nd quarter. AGF Investments America Inc. now owns 178,732 shares of the utilities provider’s stock worth $5,702,000 after purchasing an additional 8,831 shares during the last quarter. Finally, American Assets Capital Advisers raised its position in Brookfield Renewable Partners L.P. by 2.5% in the 3rd quarter. American Assets Capital Advisers now owns 338,200 shares of the utilities provider’s stock worth $11,337,000 after purchasing an additional 8,091 shares during the last quarter. Hedge funds and other institutional investors own 58.38% of the company’s stock.

Several research analysts recently weighed in on BEP shares. Zacks Investment Research cut shares of Brookfield Renewable Partners L.P. from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. UBS AG cut shares of Brookfield Renewable Partners L.P. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Raymond James Financial, Inc. cut shares of Brookfield Renewable Partners L.P. to a “market perform” rating and set a $33.00 price objective for the company. in a research report on Monday, July 17th. Barclays PLC set a $36.00 target price on shares of Brookfield Renewable Partners L.P. and gave the company a “hold” rating in a research report on Sunday, August 6th. Finally, TD Securities upped their target price on shares of 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. Twelve research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $38.39.

Shares of Brookfield Renewable Partners L.P. (NYSE BEP) traded up $0.06 during trading on Friday, hitting $34.05. 60,507 shares of the company’s stock traded hands, compared to its average volume of 75,026. Brookfield Renewable Partners L.P. has a 52 week low of $26.61 and a 52 week high of $36.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.58 and a quick ratio of 0.58.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.468 per share. This is a boost from Brookfield Renewable Partners L.P.’s previous quarterly dividend of $0.47. The ex-dividend date is Wednesday, November 29th. This represents a $1.87 annualized dividend and a dividend yield of 5.50%. Brookfield Renewable Partners L.P.’s payout ratio is presently -1,558.20%.

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About Brookfield Renewable Partners L.P.

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)

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