National Bankshares Has Lowered Expectations for Brookfield Renewable Partners (NYSE:BEP) Stock Price

Brookfield Renewable Partners (NYSE:BEP - Free Report) TSE: BEP had its target price reduced by National Bankshares from $33.00 to $32.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the utilities provider's stock.

Several other equities research analysts also recently issued reports on BEP. UBS Group upgraded Brookfield Renewable Partners from a "neutral" rating to a "buy" rating and upped their price target for the stock from $24.00 to $31.00 in a report on Monday, September 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $31.00 target price on shares of Brookfield Renewable Partners in a research note on Wednesday, October 9th. StockNews.com raised shares of Brookfield Renewable Partners from a "sell" rating to a "hold" rating in a research report on Wednesday. JPMorgan Chase & Co. raised shares of Brookfield Renewable Partners from a "neutral" rating to an "overweight" rating and set a $30.00 price objective for the company in a research report on Thursday, December 12th. Finally, CIBC lifted their target price on shares of Brookfield Renewable Partners from $33.00 to $34.00 and gave the stock an "outperformer" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Brookfield Renewable Partners has an average rating of "Buy" and a consensus price target of $31.78.

Brookfield Renewable Partners Stock Down 3.7 %

BEP stock traded down $0.87 during trading on Wednesday, reaching $22.64. 695,617 shares of the stock were exchanged, compared to its average volume of 487,274. The firm's 50 day moving average is $25.82 and its 200 day moving average is $25.59. The firm has a market cap of $6.45 billion, a P/E ratio of -27.61 and a beta of 0.93. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. Brookfield Renewable Partners has a twelve month low of $19.92 and a twelve month high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last issued its earnings results 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). Brookfield Renewable Partners had a return on equity of 0.24% and a net margin of 1.16%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $843.18 million. During the same period in the previous year, the company earned ($0.14) earnings per share. As a group, research analysts forecast that Brookfield Renewable Partners will post -0.88 EPS for the current year.

Brookfield Renewable Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a $0.355 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.42 annualized dividend and a yield of 6.27%. Brookfield Renewable Partners's payout ratio is -173.17%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Brookfield Renewable Partners by 86.5% during the 3rd quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider's stock valued at $27,000 after buying an additional 442 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Brookfield Renewable Partners during the 3rd quarter valued at $28,000. Waverton Investment Management Ltd purchased a new stake in shares of Brookfield Renewable Partners during the third quarter worth $178,000. Barclays PLC boosted its holdings in shares of Brookfield Renewable Partners by 40.6% in the third quarter. Barclays PLC now owns 7,047 shares of the utilities provider's stock worth $199,000 after acquiring an additional 2,036 shares during the period. Finally, Creative Planning bought a new position in shares of Brookfield Renewable Partners in the third quarter worth $206,000. Hedge funds and other institutional investors 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.