Toronto Dominion Bank Reduces $19M in Brookfield Renewable Partners L.P. ($BEP)
Toronto Dominion Bank reduced its holdings in Brookfield Renewable Partners by over 27% as of the latest SEC filing.
Key Points
- Toronto Dominion Bank reduced its stake in Brookfield Renewable Partners by 536,656 shares, down 27.5% to 1,411,854 shares valued at $49.98 million.
- Brookfield Renewable Partners, with a market cap of $10.69 billion, trades near $35.40 on the NYSE with a forward P/E of -23.78.
- Analysts maintain a 'buy' rating with a mean target price of $35.85, as firms like UBS and Scotiabank uphold their positive outlook.
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Toronto Dominion Bank has reduced its stake in Brookfield Renewable Partners L.P. (NYSE: BEP), according to the latest Form 13F filing with the SEC. The bank cut its holdings by 536,656 shares, a 27.5% decrease, leaving it with 1,411,854 shares valued at approximately $49.98 million as of the reporting period ending March 31, 2026.
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What Changed in Toronto Dominion Bank's Brookfield Renewable Position
Toronto Dominion Bank's decision to trim its stake in Brookfield Renewable Partners resulted in a reduction from 1,948,510 shares to 1,411,854 shares, marking a decrease of 536,656 shares or 27.5%. The total value of the remaining shares is about $49.98 million.
Other Institutional Activity in Brookfield Renewable
Several other institutional investors also adjusted their positions in Brookfield Renewable Partners. Brookfield Corp maintained its position with 81,306,719 shares valued at approximately $2.65 billion. Royal Bank of Canada reduced its holdings by 148,518 shares, resulting in 17,590,382 shares worth about $574.15 million. Principal Financial Group cut its position by 1,535,324 shares, leaving it with 8,769,824 shares valued at $286.25 million. In contrast, Bank of Montreal increased its stake by 325,879 shares, ending with 8,720,826 shares valued at $284.54 million. Morgan Stanley also grew its holdings by 567,655 shares, totaling 4,596,701 shares worth roughly $150.04 million.
Brookfield Renewable Partners L.P. Stock Up 9.6%
Shares of Brookfield Renewable Partners (NYSE: BEP) traded near $35.40. The company has a market cap of approximately $10.69 billion and a forward P/E ratio of -23.78, indicating it isn't currently profitable. The stock's 52-week range is between $24.13 and $38.12. Its 50-day moving average is $34.79, and the 200-day moving average is $30.36. The company has a beta of 0.989, a current ratio of 0.748, and a quick ratio of 0.339, with a debt-to-equity ratio of 106.106.
$BEP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Brookfield Renewable Partners reported revenue of $6.34 billion, reflecting a slight decline of 4.2% year-over-year. The company's net margin stands at 0.347%, with a return on equity of 1.53%. The next earnings report is expected on July 31, 2026.
Analysts Set New Price Targets
On June 12, 2026, UBS maintained its 'buy' rating with a price target of $40. Scotiabank, on May 29, 2026, also kept a 'buy' rating, setting a target at $42. CIBC and JP Morgan both maintained 'buy' ratings in April 2026, each with a $40 target. The consensus among analysts remains a 'buy' with a mean target price of $35.85, based on 13 opinions.
About Brookfield Renewable Partners
Brookfield Renewable Partners L.P. operates a diverse portfolio of renewable power generating facilities across North America, Colombia, and Brazil. It produces electricity through hydroelectric, wind, solar, and other sustainable sources. The company is headquartered in Toronto, Canada, and led by CEO Connor David Teskey. With approximately 5,870 employees, Brookfield Renewable offers a range of sustainable solutions including renewable natural gas and carbon capture.
Bottom Line
Toronto Dominion Bank's reduction in its Brookfield Renewable Partners stake signals a notable shift in its investment strategy. Investors often watch such moves for insights into institutional sentiment. While 13F filings provide a snapshot of past holdings, they may not reflect current positions. Analysts continue to see potential in Brookfield Renewable, maintaining a 'buy' consensus.
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