60,000 Shares in Brookfield Renewable Partners LP (BEP) Acquired by Securian Asset Management Inc

Securian Asset Management Inc acquired a new position in shares of Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 60,000 shares of the utilities provider’s stock, valued at approximately $1,814,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in shares of Brookfield Renewable Partners by 2.4% in the second quarter. Bank of Montreal Can now owns 4,650,889 shares of the utilities provider’s stock worth $139,760,000 after buying an additional 107,612 shares during the period. Principal Financial Group Inc. boosted its position in shares of Brookfield Renewable Partners by 2.3% in the first quarter. Principal Financial Group Inc. now owns 2,551,629 shares of the utilities provider’s stock worth $79,432,000 after buying an additional 57,048 shares during the period. Toronto Dominion Bank boosted its position in shares of Brookfield Renewable Partners by 36.7% in the second quarter. Toronto Dominion Bank now owns 2,412,040 shares of the utilities provider’s stock worth $72,388,000 after buying an additional 647,475 shares during the period. Montrusco Bolton Investments Inc. boosted its position in shares of Brookfield Renewable Partners by 2.4% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,350,546 shares of the utilities provider’s stock worth $40,895,000 after buying an additional 31,050 shares during the period. Finally, Lake Street Advisors Group LLC boosted its position in shares of Brookfield Renewable Partners by 366.1% in the second quarter. Lake Street Advisors Group LLC now owns 500,669 shares of the utilities provider’s stock worth $15,045,000 after buying an additional 393,248 shares during the period. 55.23% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on the company. Scotiabank reaffirmed a “hold” rating and issued a $34.00 target price on shares of Brookfield Renewable Partners in a research report on Friday, August 3rd. Zacks Investment Research raised Brookfield Renewable Partners from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Wednesday, July 4th. Finally, Deutsche Bank assumed coverage on Brookfield Renewable Partners in a research report on Friday, September 28th. They issued a “sell” rating and a $28.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $33.64.

BEP opened at $28.15 on Tuesday. Brookfield Renewable Partners LP has a 1 year low of $28.03 and a 1 year 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.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings data on Friday, August 3rd. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.18). The firm had revenue of $735.00 million for the quarter, compared to analyst estimates of $785.00 million. Brookfield Renewable Partners had a net margin of 2.29% and a return on equity of 0.48%.

About Brookfield Renewable Partners

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.

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

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