Zacks Investment Research cut shares of Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) from a hold rating to a sell rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Brookfield Renewable Energy Partners L.P. owns and operates renewable power platform. The company’s power generating portfolio comprised of hydroelectric generating, wind facilities and natural gas-fired plants. It operates in the United States, Canada and Brazil. The company sells its generation output to public power authorities, load-serving utilities and industrial users. Brookfield Renewable Energy Partners L.P., is based in Hamilton, Bermuda. “

Other equities research analysts have also recently issued research reports about the stock. Raymond James reaffirmed a market perform rating and set a $31.00 target price on shares of Brookfield Renewable Partners in a research note on Tuesday, February 12th. Wells Fargo & Co reaffirmed a buy rating and set a $36.00 target price on shares of Brookfield Renewable Partners in a research note on Thursday, April 4th. ValuEngine cut shares of Brookfield Renewable Partners from a buy rating to a hold rating in a research note on Monday, February 4th. Finally, TheStreet raised shares of Brookfield Renewable Partners from a d+ rating to a c rating in a research note on Monday, March 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $32.75.

Shares of BEP opened at $31.53 on Tuesday. Brookfield Renewable Partners has a 52-week low of $24.51 and a 52-week high of $32.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 242.54, a price-to-earnings-growth ratio of 14.99 and a beta of 0.57.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 28th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 6.53%. The ex-dividend date was Wednesday, February 27th. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.49. Brookfield Renewable Partners’s payout ratio is currently 1,584.62%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Karpas Strategies LLC raised its holdings in shares of Brookfield Renewable Partners by 2.0% during the 1st quarter. Karpas Strategies LLC now owns 130,625 shares of the utilities provider’s stock worth $4,173,000 after acquiring an additional 2,550 shares during the period. Captrust Financial Advisors purchased a new position in shares of Brookfield Renewable Partners during the 3rd quarter worth $289,000. FMR LLC purchased a new position in shares of Brookfield Renewable Partners during the 3rd quarter worth $6,034,000. AGF Investments America Inc. raised its holdings in shares of Brookfield Renewable Partners by 2.6% during the 4th quarter. AGF Investments America Inc. now owns 220,387 shares of the utilities provider’s stock worth $5,707,000 after acquiring an additional 5,583 shares during the period. Finally, Triad Investment Management purchased a new position in shares of Brookfield Renewable Partners during the 4th quarter worth $462,000. Institutional investors and hedge funds own 54.50% of the company’s stock.

About Brookfield Renewable Partners

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 hydro, wind, solar, cogeneration, and biomass sources. Its portfolio consists of approximately 17,400 megawatts of installed capacity.

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