Bank of Montreal Can cut its holdings in Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) by 0.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,636,372 shares of the utilities provider’s stock after selling 14,517 shares during the quarter. Bank of Montreal Can’s holdings in Brookfield Renewable Partners were worth $140,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Montrusco Bolton Investments Inc. grew its position in shares of Brookfield Renewable Partners by 2.4% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,350,546 shares of the utilities provider’s stock valued at $40,895,000 after purchasing an additional 31,050 shares during the period. NEXT Financial Group Inc acquired a new position in shares of Brookfield Renewable Partners in the 3rd quarter valued at approximately $166,000. M Holdings Securities Inc. acquired a new position in shares of Brookfield Renewable Partners in the 2nd quarter valued at approximately $2,344,000. Jane Street Group LLC grew its position in shares of Brookfield Renewable Partners by 92.0% in the 2nd quarter. Jane Street Group LLC now owns 21,303 shares of the utilities provider’s stock valued at $640,000 after purchasing an additional 10,210 shares during the period. Finally, Lake Street Advisors Group LLC grew its position in shares of Brookfield Renewable Partners by 366.1% in the 2nd quarter. Lake Street Advisors Group LLC now owns 500,669 shares of the utilities provider’s stock valued at $15,045,000 after purchasing an additional 393,248 shares during the period. Institutional investors and hedge funds own 55.24% of the company’s stock.

NYSE:BEP opened at $29.28 on Friday. Brookfield Renewable Partners LP has a twelve month low of $28.87 and a twelve month high of $35.34. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $5.45 billion, a price-to-earnings ratio of -162.67, a PEG ratio of 1.53 and a beta of 0.22.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings results on Friday, August 3rd. The utilities provider reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.18). Brookfield Renewable Partners had a return on equity of 0.48% and a net margin of 1.00%. The firm had revenue of $735.00 million for the quarter, compared to analyst estimates of $785.00 million. On average, sell-side analysts forecast that Brookfield Renewable Partners LP will post 2.2 earnings per share for the current fiscal year.

Several brokerages recently issued reports on BEP. Scotiabank reiterated a “hold” rating and issued a $34.00 price objective on shares of Brookfield Renewable Partners in a research report on Friday, August 3rd. Zacks Investment Research upgraded Brookfield Renewable Partners from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Wednesday, July 4th. Finally, Deutsche Bank began coverage on Brookfield Renewable Partners in a research report on Friday, September 28th. They issued a “sell” rating and a $28.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Brookfield Renewable Partners presently has an average rating of “Hold” and an average target price of $33.75.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies.

Recommended Story: How is a Moving Average Calculated?

Want to see what other hedge funds are holding BEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP).

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

Receive News & Ratings for Brookfield Renewable Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Partners and related companies with MarketBeat.com's FREE daily email newsletter.