Brookfield Renewable Partners (NYSE:BEP) Earns Equal Weight Rating from Analysts at Barclays

Stock analysts at Barclays began coverage on shares of Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP in a research note issued on Wednesday, MarketBeat.com reports. The firm set an "equal weight" rating and a $27.00 price target on the utilities provider's stock. Barclays's price objective would suggest a potential upside of 32.70% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company decreased their target price on Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Scotiabank lifted their price objective on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. StockNews.com lowered shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. CIBC dropped their price target on shares of Brookfield Renewable Partners from $32.00 to $31.00 and set an "outperformer" rating for the company in a research report on Monday, February 3rd. Finally, National Bankshares reduced their price target on Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $30.18.

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Brookfield Renewable Partners Stock Performance

BEP stock traded down $0.21 during trading hours on Wednesday, reaching $20.35. The stock had a trading volume of 1,178,976 shares, compared to its average volume of 575,266. The stock has a market capitalization of $5.79 billion, a PE ratio of -22.92 and a beta of 0.99. The stock has a 50-day simple moving average of $22.45 and a 200 day simple moving average of $24.08. Brookfield Renewable Partners has a fifty-two week low of $19.33 and a fifty-two week high of $29.56. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its quarterly earnings results on Friday, January 31st. The utilities provider reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.16. Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15%. During the same period in the previous year, the firm posted $0.01 EPS. Analysts predict that Brookfield Renewable Partners will post -1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BEP. Wilmington Savings Fund Society FSB acquired a new stake in shares of Brookfield Renewable Partners in the 3rd quarter valued at approximately $28,000. Promus Capital LLC bought a new position in Brookfield Renewable Partners in the 4th quarter valued at approximately $37,000. Jones Financial Companies Lllp boosted its position in Brookfield Renewable Partners by 26.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider's stock valued at $59,000 after buying an additional 537 shares in the last quarter. Allworth Financial LP bought a new stake in shares of Brookfield Renewable Partners during the fourth quarter worth $68,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Brookfield Renewable Partners by 81.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock worth $71,000 after buying an additional 1,391 shares in the last quarter. Institutional investors and hedge funds own 63.16% of the company's stock.

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.