Brookfield Renewable Partners (NYSE:BEP) Upgraded to "Hold" at StockNews.com

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Wednesday.

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

Brookfield Renewable Partners Stock Down 3.7 %

Brookfield Renewable Partners stock traded down $0.87 during mid-day trading on Wednesday, reaching $22.64. The stock had a trading volume of 695,617 shares, compared to its average volume of 487,274. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of -27.61 and a beta of 0.93. 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 50-day moving average price of $25.75 and a two-hundred day moving average price of $25.57. Brookfield Renewable Partners has a one year low of $19.92 and a one year high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted 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). The firm had revenue of $1.47 billion during 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 period in the prior year, the company posted ($0.14) EPS. On average, analysts expect that Brookfield Renewable Partners will post -0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of Brookfield Renewable Partners by 86.5% during the third quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider's stock worth $27,000 after buying an additional 442 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Brookfield Renewable Partners in the 3rd quarter valued at $28,000. Waverton Investment Management Ltd acquired a new position in shares of Brookfield Renewable Partners during the third quarter worth $178,000. Barclays PLC increased its holdings in Brookfield Renewable Partners by 40.6% in the third quarter. Barclays PLC now owns 7,047 shares of the utilities provider's stock valued at $199,000 after buying an additional 2,036 shares during the last quarter. Finally, Creative Planning purchased a new stake in Brookfield Renewable Partners during the 3rd quarter worth about $206,000. 63.16% of the stock is currently owned by hedge funds and other 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.