Brookfield Renewable Partners L.P. (BEP) – What Are Brokerages Saying About This Stock?

Shares of Brookfield Renewable Partners L.P. (NYSE:BEP – Get Free Report) (TSE:BEP) have received an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $37.14.

A number of analysts have issued reports on BEP shares. National Bank Financial set a $38.00 target price on Brookfield Renewable Partners and gave the stock an “outperform” rating in a research report on Thursday, October 1st. Morgan Stanley dropped their price target on Brookfield Renewable Partners from $42.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Barclays set a $30.00 price target on Brookfield Renewable Partners and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. BMO Capital Markets set a $41.00 price objective on Brookfield Renewable Partners in a report on Monday, August 17th. Finally, UBS Group restated a “buy” rating and issued a $34.00 price objective (down from $40.00) on shares of Brookfield Renewable Partners in a research note on Thursday, October 1st.

View Our Latest Stock Report on Brookfield Renewable Partners

Brookfield Renewable Partners Stock Down 1.6%

Brookfield Renewable Partners stock opened at $28.46 on Friday. Brookfield Renewable Partners has a twelve month low of $26.30 and a twelve month high of $38.12. The firm has a 50 day moving average price of $30.10 and a 200-day moving average price of $32.76. The company has a market capitalization of $8.62 billion, a P/E ratio of -61.87 and a beta of 1.10. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.87.

Brookfield Renewable Partners (NYSE:BEP – Get Free Report) (TSE:BEP) last issued its quarterly earnings results on Friday, July 31st. The utilities provider reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.02). Brookfield Renewable Partners had a return on equity of 0.84% and a net margin of 4.50%. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.56 billion. As a group, equities analysts predict that Brookfield Renewable Partners will post -1.88 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st were paid a $0.3920 dividend. The ex-dividend date was Monday, August 31st. This represents a $1.57 annualized dividend and a dividend yield of 5.5%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -341.30%.

Institutional Trading of Brookfield Renewable Partners

Several hedge funds and other institutional investors have recently modified their holdings of BEP. CENTRAL TRUST Co bought a new position in shares of Brookfield Renewable Partners in the first quarter worth $55,000. Root Financial Partners LLC purchased a new position in shares of Brookfield Renewable Partners in the third quarter valued at $51,000. First Bancorp Inc ME bought a new stake in shares of Brookfield Renewable Partners during the 2nd quarter valued at $71,000. Integrated Wealth Concepts LLC bought a new stake in shares of Brookfield Renewable Partners during the 2nd quarter valued at $82,000. Finally, GAMMA Investing LLC raised its stake in shares of Brookfield Renewable Partners by 44.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,460 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 757 shares during the period. Institutional investors own 63.16% of the company’s stock.

About Brookfield Renewable Partners

(Get Free Report)

Brookfield Renewable Partners L.P. is a global renewable power and sustainable solutions company. The partnership develops, owns and operates a diversified portfolio of renewable energy facilities, with hydroelectric generation complemented by onshore and offshore wind, utility-scale and distributed solar, battery storage, and other energy transition assets.

Through its operating platforms, Brookfield Renewable supplies electricity and related energy services to utilities, corporations and other customers.

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Analyst Recommendations for Brookfield Renewable Partners (NYSE:BEP)

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