Brookfield Renewable Partners (NYSE:BEP) Lowered to Sell Rating by StockNews.com

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Thursday.

A number of other analysts have also recently issued reports on BEP. Royal Bank of Canada reissued an "outperform" rating and set a $31.00 price objective on shares of Brookfield Renewable Partners in a research report on Wednesday, October 9th. National Bankshares reduced their price target on Brookfield Renewable Partners from $33.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, December 18th. CIBC increased their price objective on Brookfield Renewable Partners from $33.00 to $34.00 and gave the stock an "outperformer" rating in a report on Tuesday, October 22nd. UBS Group raised shares of Brookfield Renewable Partners from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $24.00 to $31.00 in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. upgraded shares of Brookfield Renewable Partners from a "neutral" rating to an "overweight" rating and set a $30.00 target price on the stock in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $31.78.

Brookfield Renewable Partners Stock Down 0.9 %

NYSE:BEP traded down $0.22 on Thursday, hitting $23.12. 274,430 shares of the company's stock traded hands, compared to its average volume of 485,660. The firm has a 50-day moving average price of $25.42 and a 200-day moving average price of $25.41. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.59 billion, a PE ratio of -28.19 and a beta of 0.93. Brookfield Renewable Partners has a 1 year low of $19.92 and a 1 year high of $29.56.

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

Institutional Trading of Brookfield Renewable Partners

Several hedge funds have recently modified their holdings of BEP. Principal Financial Group Inc. boosted its stake in Brookfield Renewable Partners by 4.5% in the third quarter. Principal Financial Group Inc. now owns 7,605,679 shares of the utilities provider's stock valued at $214,328,000 after acquiring an additional 330,648 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Brookfield Renewable Partners by 0.6% during the second quarter. CIBC Asset Management Inc now owns 6,915,814 shares of the utilities provider's stock worth $171,010,000 after buying an additional 37,836 shares during the last quarter. Bank of Montreal Can grew its position in shares of Brookfield Renewable Partners by 0.4% during the 3rd quarter. Bank of Montreal Can now owns 6,744,285 shares of the utilities provider's stock worth $190,469,000 after buying an additional 26,189 shares during the period. CCLA Investment Management increased its stake in shares of Brookfield Renewable Partners by 1.9% in the 2nd quarter. CCLA Investment Management now owns 2,578,419 shares of the utilities provider's stock valued at $63,952,000 after acquiring an additional 47,734 shares during the last quarter. Finally, TD Asset Management Inc raised its position in shares of Brookfield Renewable Partners by 2.9% in the 2nd quarter. TD Asset Management Inc now owns 2,377,124 shares of the utilities provider's stock valued at $58,805,000 after acquiring an additional 67,777 shares during the period. 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.