Brookfield Renewable Partners LP (BEP) Downgraded by Raymond James Financial, Inc

Brookfield Infrastructure Partners L.P
Brookfield Property Partners L. (NYSE:BPY) Sees Light Trading Volume with 46K Shares Changing Hands
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08 August, 2017

The stock rose 2.38% or $0.99 reaching $42.54 per share. Addenda Capital Inc. owns 79,920 shares with a value of $1,888,000. The stock declined 0.97% or $0.39 reaching $39.97 on the news. About 113,623 shares traded.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, August 3rd. It has outperformed by 6.87% the S&P500. The company had a trading volume of 68,535 shares. It was reported on Aug, 7 by Barchart.com. The company has market cap of $13.21 billion.

About 36,902 shares traded. CIGNA Corporation (NYSE:CI) has risen 23.57% since August 8, 2016 and is uptrending. It has underperformed by 3.36% the S&P500.

Investors sentiment decreased to 1.19 in Q4 2016. Its down 0.47, from 1.34 in 2016Q3. As of quarter end Sfe Investment Counsel had disposed of 6,315 shares trimming its holdings by 12.3%. 18 funds opened positions while 46 raised stakes. The Company, through its limited partnership interest in NextEra Energy Operating Partners, LP (NEP OpCo), owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets.

In the latest earnings report the EPS was $-0.11 and is expected to be $0.16 for the current year with 296,596,000 shares outstanding. Ameriprise Fincl has invested 0% in Nextera Energy Partners LP (NYSE:NEP). California Public Employees Retirement System holds 0.01% or 199,300 shares in its portfolio. Susquehanna Llp invested in 0% or 68,183 shares. Neuberger Berman Grp Lc reported 5.96 million shares or 0.2% of all its holdings. Rare Infrastructure Ltd accumulated 547,003 shares. Parkside Commercial Bank Trust accumulated 26 shares. Lehman Resource has 511,933 shares for 7.45% of their portfolio. The SI to Safety Insurance Group Incorporated's float is 0.53%. Nationwide Fund Advisors reported 83,394 shares or 0.01% of all its holdings. The stock of Brookfield Renewable Partners LP (NYSE:BEP) has "Hold" rating given on Wednesday, June 28 by Macquarie Research. The ex-dividend date of this dividend is Tuesday, August 29th.

Among 4 analysts covering Brookfield Infrastructure Partners (TSE:BIP.UN), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 13% are positive. Vetr upgraded NextEra Energy Partners, from a sell rating to a hold rating and set a $33.00 price objective on the stock in a research report on Monday, May 8th.

12/03/2015 - Brookfield Renewable Energy Partners LP had its " rating reiterated by analysts at Credit Suisse. Wedbush maintained the stock with "Neutral" rating in Wednesday, January 18 report. The firm earned "Hold" rating on Friday, September 23 by Evercore. The firm has "Buy" rating given on Tuesday, August 4 by Mizuho.

WARNING: "Brookfield Renewable Partners L.P. (BEP) Downgraded by Raymond James Financial, Inc." was published by StockNewsTimes and is owned by of StockNewsTimes. BNP Paribas Arbitrage SA purchased a new stake in shares of NextEra Energy Partners, during the first quarter worth about $139,000.

A number of other analysts also recently weighed in on BEP. The stock of Nextera Energy Partners LP (NYSE:NEP) earned "Buy" rating by Mizuho on Tuesday, August 4. Therefore 100% are positive. TheStreet upgraded NextEra Energy Partners, from a "c-" rating to a "b" rating in a report on Wednesday, July 26th. On Thursday, May 25 the stock rating was downgraded by BMO Capital Markets to "Market Perform". TD Securities maintained Brookfield Infrastructure Partners L.P. (NYSE:BIP) rating on Wednesday, March 16. The firm earned "Buy" rating on Monday, September 26 by TD Securities. The rating was maintained by Piper Jaffray on Thursday, July 27 with "Buy".

On August 5 the company was rated "Outperform" according to a RBC Capital report which was a boost from the previous "Sector Perform" rating. The stock has "Buy" rating by RBC Capital Markets on Friday, July 14.

January 22 investment analysts at Barclays held the stock rating at "Equal-weight" and lowered the price target from $27.00 to $24.00. McCarthy Thomas A sold 4,464 shares worth $654,155. Miller Howard New York reported 153,155 shares. Its down 6.59% from 18,200 shares previously. First Manhattan Co augmented its investment by buying 16,522 shares an increase of 3.0% as of 06/30/2017. Virtus Invest Advisers accumulated 0.09% or 14,913 shares. Connecticut-based Tudor Inv Et Al has invested 0.02% in Progress Software Corporation (NASDAQ:PRGS).


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