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

Shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Get Free Report) TSE: BEP have received a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $32.30.

BEP has been the subject of several recent analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $31.00 price target on shares of Brookfield Renewable Partners in a report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price objective on Brookfield Renewable Partners from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, October 17th. CIBC raised their target price on Brookfield Renewable Partners from $33.00 to $34.00 and gave the company an "outperformer" rating in a research report on Tuesday. National Bankshares boosted their price target on Brookfield Renewable Partners from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Friday, July 19th. Finally, StockNews.com lowered Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a report on Friday, August 2nd.

Institutional Trading of Brookfield Renewable Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in BEP. GAMMA Investing LLC raised its holdings in Brookfield Renewable Partners by 86.5% in 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 during the period. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Brookfield Renewable Partners in the 1st quarter valued at approximately $31,000. Evermay Wealth Management LLC purchased a new stake in shares of Brookfield Renewable Partners in the 1st quarter valued at approximately $49,000. Clear Point Advisors Inc. acquired a new position in shares of Brookfield Renewable Partners in the 1st quarter worth approximately $49,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Brookfield Renewable Partners by 17.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,926 shares of the utilities provider's stock worth $156,000 after purchasing an additional 900 shares during the period. Institutional investors and hedge funds own 63.16% of the company's stock.

Brookfield Renewable Partners Stock Performance

BEP stock traded down $0.67 during midday trading on Tuesday, hitting $28.22. 708,509 shares of the stock traded hands, compared to its average volume of 476,897. Brookfield Renewable Partners has a 1-year low of $19.92 and a 1-year high of $29.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.52 and a quick ratio of 0.52. The stock's fifty day simple moving average is $25.91 and its 200-day simple moving average is $25.32. The firm has a market cap of $8.04 billion, a P/E ratio of -61.35 and a beta of 0.94.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its earnings results on Friday, August 2nd. The utilities provider reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.41). The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. Brookfield Renewable Partners had a net margin of 2.37% and a return on equity of 0.46%. Brookfield Renewable Partners's revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) earnings per share. On average, analysts expect that Brookfield Renewable Partners will post -0.57 earnings per share for the current year.

Brookfield Renewable Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 5.03%. The ex-dividend date was Friday, August 30th. Brookfield Renewable Partners's payout ratio is currently -308.70%.

About Brookfield Renewable Partners

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.