Brookfield Renewable Partners L.P. (NYSE:BEP - Get Free Report) TSE: BEP has been assigned an average rating of "Buy" from the eight analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $31.78.
Several brokerages recently issued reports on BEP. JPMorgan Chase & Co. cut their price target on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Thursday, October 17th. StockNews.com upgraded shares of Brookfield Renewable Partners from a "sell" rating to a "hold" rating in a research report on Monday. UBS Group upgraded shares of Brookfield Renewable Partners from a "neutral" rating to a "buy" rating and raised their price objective for the company from $24.00 to $31.00 in a research report on Monday, September 30th. Royal Bank of Canada restated an "outperform" rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a research report on Wednesday, October 9th. Finally, CIBC raised their price objective on shares of Brookfield Renewable Partners from $33.00 to $34.00 and gave the company an "outperformer" rating in a research report on Tuesday, October 22nd.
View Our Latest Stock Report on BEP
Several institutional investors have recently modified their holdings of the business. Stifel Financial Corp grew its position in shares of Brookfield Renewable Partners by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 31,214 shares of the utilities provider's stock worth $880,000 after buying an additional 403 shares during the period. GAMMA Investing LLC boosted its stake in Brookfield Renewable Partners by 86.5% during the 3rd quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider's stock worth $27,000 after acquiring an additional 442 shares during the last quarter. HighTower Advisors LLC boosted its stake in Brookfield Renewable Partners by 1.6% during the 3rd quarter. HighTower Advisors LLC now owns 46,845 shares of the utilities provider's stock worth $1,321,000 after acquiring an additional 749 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in Brookfield Renewable Partners by 7.2% during the 3rd quarter. Apollon Wealth Management LLC now owns 13,999 shares of the utilities provider's stock worth $394,000 after acquiring an additional 945 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Brookfield Renewable Partners during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 63.16% of the company's stock.
NYSE:BEP opened at $23.78 on Wednesday. Brookfield Renewable Partners has a 52 week low of $19.92 and a 52 week high of $29.56. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of -29.00 and a beta of 0.93. The company has a 50-day moving average of $26.22 and a 200-day moving average of $25.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.73.
Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last announced its quarterly earnings results on Friday, November 8th. The utilities provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.28). Brookfield Renewable Partners had a net margin of 1.16% and a return on equity of 0.24%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $843.18 million. During the same period in the prior year, the business earned ($0.14) earnings per share. As a group, equities research analysts anticipate that Brookfield Renewable Partners will post -0.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Renewable Partners's dividend payout ratio is -173.17%.
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.
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