Brookfield Renewable Partners L.P. (NYSE:BEP) Receives Average Rating of "Buy" from Brokerages

Brookfield Renewable Partners L.P. (NYSE:BEP - Get Free Report) TSE: BEP has been given an average recommendation of "Buy" by the nine analysts that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $31.78.

A number of brokerages have issued reports on BEP. Scotiabank decreased their price target on Brookfield Renewable Partners from $32.00 to $28.00 and set an "outperform" rating for the company in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. National Bankshares reduced their target price on shares of Brookfield Renewable Partners from $33.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, December 18th. StockNews.com lowered Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research report on Thursday, December 26th. Finally, CIBC raised their target price on shares of Brookfield Renewable Partners from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th.

Brookfield Renewable Partners Stock Performance

BEP stock traded up $0.03 on Thursday, reaching $20.68. The company's stock had a trading volume of 943,397 shares, compared to its average volume of 1,015,899. The firm has a fifty day moving average of $23.19 and a two-hundred day moving average of $24.78. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $5.90 billion, a P/E ratio of -25.22 and a beta of 0.95. Brookfield Renewable Partners has a 52 week low of $19.92 and a 52 week high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last issued its quarterly earnings data on Friday, November 8th. The utilities provider reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.28). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $843.18 million. Brookfield Renewable Partners had a net margin of 1.16% and a return on equity of 0.24%. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. As a group, analysts predict that Brookfield Renewable Partners will post -0.88 EPS for the current fiscal year.

Brookfield Renewable Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a dividend of $0.355 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.42 annualized dividend and a dividend yield of 6.87%. Brookfield Renewable Partners's dividend payout ratio is -173.17%.

Institutional Trading of Brookfield Renewable Partners

Large investors have recently added to or reduced their stakes in the business. Intact Investment Management Inc. acquired a new stake in shares of Brookfield Renewable Partners in the third quarter worth $42,331,000. Principal Financial Group Inc. grew its position in Brookfield Renewable Partners by 4.5% in the 3rd quarter. Principal Financial Group Inc. now owns 7,605,679 shares of the utilities provider's stock worth $214,328,000 after purchasing an additional 330,648 shares during the last quarter. Mirabella Financial Services LLP raised its position in shares of Brookfield Renewable Partners by 145.2% during the third quarter. Mirabella Financial Services LLP now owns 466,736 shares of the utilities provider's stock valued at $13,153,000 after buying an additional 276,374 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Brookfield Renewable Partners in the third quarter valued at about $6,191,000. Finally, Toronto Dominion Bank grew its position in Brookfield Renewable Partners by 11.1% during the third quarter. Toronto Dominion Bank now owns 1,735,462 shares of the utilities provider's stock worth $48,905,000 after buying an additional 173,882 shares in the last quarter. 63.16% of the stock is owned by institutional investors.

Brookfield Renewable Partners Company Profile

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.