Economy

Richard C. Young Trims Stake in Brookfield Renewable Partners

Richard C. Young Trims Stake in Brookfield Renewable Partners”

Ameriprise Financial Inc. bought a new position in shares of Brookfield Infrastructure Partners in the first quarter worth approximately $350,000.

Brookfield Business Partners has granted the underwriters an over-allotment option to purchase up to an additional 1,000,500 units at the offering price. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. The company was formerly known as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners L.P.in May 2016. BB&T Securities LLC now owns 38,480 shares of the financial services provider's stock valued at $910,000 after purchasing an additional 527 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Brookfield Infrastructure Partners by 17.6% during the 2nd quarter. AJO LP now owns 26,737 shares of the utilities provider's stock worth $1,094,000 after acquiring an additional 13,343 shares in the last quarter. US Bancorp DE grew its holdings in shares of Brookfield Infrastructure Partners by 113.5% in the first quarter. TD Asset Management Inc. now owns 8,894,408 shares of the utilities provider's stock worth $307,675,000 after buying an additional 2,874,976 shares in the last quarter. Finally, Intact Investment Management Inc. boosted its holdings in shares of Brookfield Property Partners L.P.by 0.4% in the 2nd quarter. NEXT Financial Group Inc now owns 6,248 shares of the utilities provider's stock valued at $216,000 after buying an additional 2,321 shares during the period.

COPYRIGHT VIOLATION NOTICE: "Public Sector Pension investment Board Sells 76,200 Shares of Brookfield Renewable Partners L.P. (BEP)" was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of USA and worldwide trademark & copyright law. The legal version of this article can be accessed at https://baseballnewssource.com/markets/scotiabank-reiterates-outperform-rating-for-brookfield-infrastructure-partners-lp-bip/1656927.html. (BPY) opened at 23.27 on Friday. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 35.34 and a beta of 1.05. Brookfield Property Partners L.P. has a one year low of $20.31 and a one year high of $24.21.

The stock is trading at $33.29 slightly below $34.45, the stock's 50 day moving average and just above the 200 day moving average of $32.08. Brookfield Renewable Partners L.P.'s yield is -1,869.81%.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) previously released its periodic earnings reports on early Fri, Aug 4th. The utilities provider reported ($0.06) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.80 by ($0.86). Brookfield Property Partners L.P.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors with a record date on Early Thur, Aug 31st will be issued a $0.4675 dividend. Brookfield Infrastructure Partners's dividend payout ratio is 370.22%. Brookfield Renewable Partners LP lifted their price target on shares of Brookfield Renewable Partners L.P.to $48.50 and gave the company a "buy" rating in a research report on Wednesday, August 16th. RBC Capital Markets upgraded Brookfield Property Partners LP (NYSE:BPY) on Wednesday, August 5 to "Outperform" rating. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

Many investment analysts have quite recently weighed in on the share.

BIP has been the topic of several other research reports. Lastly, BMO Capital Markets restated a "hold" recommendation and fixed a $33.00 target price on stock of Brookfield Renewable Partners in a study note published on Wed, Jul 12th. around ten brokerage firms recommended the company shares with a hold recommendation, around three has issued a buy recommendation and 1 have issued a strong buy recommendation to the share.

Brookfield Property Partners L.P.is a diversified global real estate company. The company sells its generation output primarily to public power authorities, load-serving utilities, and industrial users.



Like this

Latest


23 September 2017
Irish PM says May speech 'genuine effort to move things forward'
The speech in a 14th-century church in Italy today was aimed at breaking the deadlock in Brexit talks, due to resume on Monday. Theresa May's Brexit speech is a major snub to Boris Johnson and if the Foreign Secretary was true to his word, he'd resign.

23 September 2017
What's a 'dotard' anyway? Kim's insult to Trump
During the Friday remarks, Trump , who at times seemed to take on a Southern accent, also expressed his displeasure with Sen. General Assembly the us will have no choice but to "totally destroy" the North if forced to defend itself or its allies.

23 September 2017
Josephine Medina caps PH stint with table-tennis gold — ASEAN Para Games
In 2015, the Philippine para athletes listed 16 golds, 17 silvers, and 26 bronzes - a few medals short of this year's output. If Jason Chee can do it, you certainly have no excuse to be the best person you can be.

23 September 2017
Seoul media say North might test nuke in Pacific
HE FEELS JUSTIFIED Kim says Trump's threats only emphasize that North Korea has been justified in its pursuit of nuclear missiles. It could be that Kim felt that a direct, personal response was crucial because of the harshness of Trump's comments.

23 September 2017
Packers bring back DL Ricky Jean Francois after releasing him last week
Even though they made the NFC Championship game during the 2016 season, improvements were necessary throughout the roster. Depending on however long that is, you can expect a few more Dunkin Donuts establishments to pop up around Green Bay.

23 September 2017
22-year-old Army officer martyred in Khyber Agency
The press release said the Pakistani post was attacked from the other side of the border. Two soldiers were also martyred and 15 were injured during the operation.

23 September 2017
Scooter Gennett blasts 4th grand slam of season
This is an important series for us. "It was awesome", said Benintendi, a graduate of Madeira Middle School and Madeira High. Gennett joined Hall of Famer Lou Gehrig as the second player with a four-homer game and four grand slams in any season.

23 September 2017
Estrada, Goins sharp in win against Yankees — Blue Jays Notebook
The loss matched the Yankees' worst of the season, as they also were whipped 8-1 by Houston on July 2 at Yankee Stadium. The New York Yankees are sending Sonny Gray to the hill for game two of their series at the Toronto Blue Jays .

23 September 2017
Everton v Bournemouth updates from Goodison Park
The Cherries face Everton , who are coming into this after a very hard first few rounds of fixtures. Forward Callum Wilson and goalkeeper Adam Federici are still out and will play no part today.

23 September 2017
Trump made decision on Iran nuclear deal but does not reveal it
The U.S. and the other countries will also recognize the country's right to develop nuclear power for peaceful purposes. 3. The world body needs more resources and at the same time needs transparency on how the money is spent, he said.



Recommended