Brookfield Renewable Partners L.P. (NYSE:BEP – Get Free Report) (TSE:BEP) has earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $38.00.
A number of equities analysts have recently commented on the company. TD Securities reiterated a “buy” rating and issued a $39.00 price objective on shares of Brookfield Renewable Partners in a research note on Monday, May 4th. National Bank Financial lifted their price objective on Brookfield Renewable Partners from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday. Scotiabank reiterated an “outperform” rating and issued a $42.00 price objective (up from $36.00) on shares of Brookfield Renewable Partners in a research note on Friday, May 29th. TD lifted their price objective on Brookfield Renewable Partners from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Morgan Stanley lifted their price objective on Brookfield Renewable Partners from $38.00 to $42.00 and gave the stock an “overweight” rating in a research note on Monday, March 23rd.
Check Out Our Latest Stock Report on BEP
Hedge Funds Weigh In On Brookfield Renewable Partners
Brookfield Renewable Partners Price Performance
Shares of NYSE:BEP opened at $34.29 on Friday. Brookfield Renewable Partners has a fifty-two week low of $24.13 and a fifty-two week high of $38.12. The business has a 50-day moving average of $34.76 and a two-hundred day moving average of $31.29. The stock has a market capitalization of $10.35 billion, a P/E ratio of -110.61 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.75 and a quick ratio of 0.75.
Brookfield Renewable Partners (NYSE:BEP – Get Free Report) (TSE:BEP) last posted its quarterly earnings data on Friday, May 1st. The utilities provider reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.04). The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Brookfield Renewable Partners had a return on equity of 1.57% and a net margin of 8.28%. On average, equities research analysts predict that Brookfield Renewable Partners will post -1.53 EPS for the current fiscal year.
Brookfield Renewable Partners Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a $0.392 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.6%. Brookfield Renewable Partners’s payout ratio is presently -506.45%.
About Brookfield Renewable Partners
Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy.
The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.
Recommended Stories
- Five stocks we like better than Brookfield Renewable Partners
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Receive News & Ratings for Brookfield Renewable Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Partners and related companies with MarketBeat.com's FREE daily email newsletter.
