Citigroup Inc. Sells 8,874 Shares of Brookfield Renewable Partners L.P. (BEP)

Citigroup Inc. cut its stake in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 27.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,826 shares of the utilities provider’s stock after selling 8,874 shares during the quarter. Citigroup Inc.’s holdings in Brookfield Renewable Partners L.P. were worth $759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC raised its position in Brookfield Renewable Partners L.P. by 2.9% in the first quarter. FMR LLC now owns 1,185,800 shares of the utilities provider’s stock worth $35,132,000 after acquiring an additional 33,000 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Brookfield Renewable Partners L.P. by 353.8% in the first quarter. Renaissance Technologies LLC now owns 255,953 shares of the utilities provider’s stock valued at $7,598,000 after buying an additional 199,554 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Brookfield Renewable Partners L.P. in the first quarter valued at $454,000. Hexavest Inc. increased its position in shares of Brookfield Renewable Partners L.P. by 1.1% in the second quarter. Hexavest Inc. now owns 338,455 shares of the utilities provider’s stock valued at $10,776,000 after buying an additional 3,715 shares in the last quarter. Finally, Karpas Strategies LLC increased its position in shares of Brookfield Renewable Partners L.P. by 2.4% in the second quarter. Karpas Strategies LLC now owns 118,525 shares of the utilities provider’s stock valued at $3,786,000 after buying an additional 2,800 shares in the last quarter. 58.34% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on BEP shares. TD Securities raised their price target on 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. Zacks Investment Research raised Brookfield Renewable Partners L.P. from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, July 4th. Brookfield Renewable Partners LP raised their price target on Brookfield Renewable Partners L.P. to $48.50 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. TheStreet raised Brookfield Renewable Partners L.P. from a “d+” rating to a “c-” rating in a research note on Tuesday, June 27th. Finally, Barclays PLC set a $36.00 price target on Brookfield Renewable Partners L.P. and gave the stock a “hold” rating in a research note on Sunday, August 6th. Ten analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $36.78.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://ledgergazette.com/2017/10/10/citigroup-inc-sells-8874-shares-of-brookfield-renewable-partners-l-p-bep.html.

Shares of Brookfield Renewable Partners L.P. (NYSE BEP) opened at 34.01 on Tuesday. The stock’s 50 day moving average price is $34.24 and its 200-day moving average price is $32.57. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of 11336.67 and a beta of 0.23. Brookfield Renewable Partners L.P. has a 12 month low of $26.61 and a 12 month high of $36.00.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.05. Brookfield Renewable Partners L.P. had a return on equity of 0.76% and a net margin of 3.66%. The firm had revenue of $683.00 million for the quarter, compared to the consensus estimate of $721.75 million. On average, equities research analysts predict that Broo

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC raised its position in Brookfield Renewable Partners L.P. by 2.9% in the first quarter. FMR LLC now owns 1,185,800 shares of the utilities provider’s stock worth $35,132,000 after acquiring an additional 33,000 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Brookfield Renewable Partners L.P. by 353.8% in the first quarter. Renaissance Technologies LLC now owns 255,953 shares of the utilities provider’s stock valued at $7,598,000 after buying an additional 199,554 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Brookfield Renewable Partners L.P. in the first quarter valued at $454,000. Hexavest Inc. increased its position in shares of Brookfield Renewable Partners L.P. by 1.1% in the second quarter. Hexavest Inc. now owns 338,455 shares of the utilities provider’s stock valued at $10,776,000 after buying an additional 3,715 shares in the last quarter. Finally, Karpas Strategies LLC increased its position in shares of Brookfield Renewable Partners L.P. by 2.4% in the second quarter. Karpas Strategies LLC now owns 118,525 shares of the utilities provider’s stock valued at $3,786,000 after buying an additional 2,800 shares in the last quarter. 58.34% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on BEP shares. TD Securities raised their price target on 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. Zacks Investment Research raised Brookfield Renewable Partners L.P. from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, July 4th. Brookfield Renewable Partners LP raised their price target on Brookfield Renewable Partners L.P. to $48.50 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. TheStreet raised Brookfield Renewable Partners L.P. from a “d+” rating to a “c-” rating in a research note on Tuesday, June 27th. Finally, Barclays PLC set a $36.00 price target on Brookfield Renewable Partners L.P. and gave the stock a “hold” rating in a research note on Sunday, August 6th. Ten analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $36.78.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://ledgergazette.com/2017/10/10/citigroup-inc-sells-8874-shares-of-brookfield-renewable-partners-l-p-bep.html.

Shares of Brookfield Renewable Partners L.P. (NYSE BEP) opened at 34.01 on Tuesday. The stock’s 50 day moving average price is $34.24 and its 200-day moving average price is $32.57. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of 11336.67 and a beta of 0.23. Brookfield Renewable Partners L.P. has a 12 month low of $26.61 and a 12 month high of $36.00.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.05. Brookfield Renewable Partners L.P. had a return on equity of 0.76% and a net margin of 3.66%. The firm had revenue of $683.00 million for the quarter, compared to the consensus estimate of $721.75 million. On average, equities research analysts predict that Brookfield Renewable Partners L.P. will post $0.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, September 30th. Investors of record on Thursday, August 31st were given a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend was Tuesday, August 29th. Brookfield Renewable Partners L.P.’s dividend payout ratio is currently -1,869.81%.

Brookfield Renewable Partners L.P. Company Profile

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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