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 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 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 (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 $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 a diversified global real estate company. The company sells its generation output primarily to public power authorities, load-serving utilities, and industrial users.

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