Brookfield: Spinning Off Part Of Asset Management Is Logical [Seeking Alpha]
Brookfield Renewable Partners L.P. (BEP)
Last brookfield renewable partners l.p. earnings: 7/31 06:50 am
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bep.brookfield.com/en
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Source: Seeking Alpha
Niall_Majury/iStock Unreleased via Getty ImagesIntroductionBrookfield Asset Management (NYSE:BAMletter, saying they expect to distribute 25% of the shares of the asset management business by the end of the 2022 calendar year. My thesis is that this is a good decision as it will widen the investor base by making it easier for different types of investors to be comfortable with their ownership positions.Partially Separating Asset ManagementIn the late 1990s, Brookfield’s asset management services for third parties started becoming a meaningful part of the company. They had been investing their own capital and gaining operational knowledge well before that time and this expertise was highly beneficial as they started investing for others. Having the asset-heavy invested capital part of the business has been a competitive advantage relative to asset-light managers but the asset-heavy parts of Brookfield can cause some investors to be flummoxed. The 4Q21 letter talks about the fact that sp
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BEP
News
- Brookfield Renewable Partners L.P. (NYSE: BEP) had its price target lowered by analysts at Raymond James from $33.00 to $32.00. They now have a "strong-buy" rating on the stock.MarketBeat
- Scout Clean Energy Announces 12-Year Virtual Power Purchase Agreement with Zoetis Inc.PR Newswire
- Brookfield Renewable to Host First Quarter 2024 Results Conference Call [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Brookfield Renewable to Host First Quarter 2024 Results Conference Call [Yahoo! Finance]Yahoo! Finance
- Brookfield Renewable to Host First Quarter 2024 Results Conference CallGlobeNewswire
BEP
Earnings
- 2/2/24 - Beat
BEP
Sec Filings
- 3/25/24 - Form CERT
- 3/25/24 - Form 6-K
- 3/25/24 - Form 424B2
- BEP's page on the SEC website