Should I buy or sell Brookfield Renewable Partners stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brookfield Renewable Partners in the last year. There are currently 3 hold ratings, 6 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BEP shares. View BEP analyst ratings or view top-rated stocks .

What is Brookfield Renewable Partners' stock price target for 2024?

11 brokers have issued 1-year target prices for Brookfield Renewable Partners' stock. Their BEP share price targets range from $25.00 to $39.00. On average, they predict the company's stock price to reach $30.75 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price. View analysts price targets for BEP or view top-rated stocks among Wall Street analysts .

How have BEP shares performed in 2024?

Brookfield Renewable Partners' stock was trading at $26.28 on January 1st, 2024. Since then, BEP shares have increased by 4.2% and is now trading at $27.38. View the best growth stocks for 2024 here .

When is Brookfield Renewable Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 2nd 2024. View our BEP earnings forecast .

How were Brookfield Renewable Partners' earnings last quarter?

Brookfield Renewable Partners L.P. (NYSE:BEP) issued its quarterly earnings results on Friday, February, 2nd. The utilities provider reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.03. The utilities provider had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.08 billion. Brookfield Renewable Partners had a net margin of 7.10% and a trailing twelve-month return on equity of 1.31%. The firm's revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.16) EPS.

How often does Brookfield Renewable Partners pay dividends? What is the dividend yield for Brookfield Renewable Partners?

Brookfield Renewable Partners declared a quarterly dividend on Monday, May 6th. Investors of record on Friday, May 31st will be paid a dividend of $0.355 per share on Friday, June 28th. This represents a $1.42 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Friday, May 31st. Read our dividend analysis for BEP .

Is Brookfield Renewable Partners a good dividend stock?

Brookfield Renewable Partners (NYSE:BEP) pays an annual dividend of $1.01 per share and currently has a dividend yield of 3.93%. Read our dividend analysis for BEP .

When did Brookfield Renewable Partners' stock split?

Brookfield Renewable Partners's stock split on the morning of Monday, December 14th 2020. The 3-2 split was announced on Wednesday, November 4th 2020. The newly minted shares were payable to shareholders after the closing bell on Friday, December 11th 2020. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

What is Sachin Shah's approval rating as Brookfield Renewable Partners' CEO?

57 employees have rated Brookfield Renewable Partners Chief Executive Officer Sachin Shah on Glassdoor.com . Sachin Shah has an approval rating of 57% among the company's employees. This puts Sachin Shah in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Brookfield Renewable Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Brookfield Renewable Partners investors own include AT&T (T) , AbbVie (ABBV) , Brookfield Infrastructure Partners (BIP) , Enterprise Products Partners (EPD) , Pfizer (PFE) , Verizon Communications (VZ) , Energy Transfer (ET) , Intel (INTC) , Johnson & Johnson (JNJ) and Cisco Systems (CSCO) .

Who are Brookfield Renewable Partners' major shareholders?

Brookfield Renewable Partners' stock is owned by many different retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (2.52%), Rempart Asset Management Inc. (0.11%), Coronation Fund Managers Ltd. (0.09%), Kayne Anderson Capital Advisors LP (0.06%), Russell Investments Group Ltd. (0.05%) and Gold Investment Management Ltd. (0.03%).

How do I buy shares of Brookfield Renewable Partners?

Shares of BEP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NYSE:BEP

Brookfield Renewable Partners (BEP) Stock Price, News & Analysis

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Free BEP Stock Alerts

$27.33

+0.44 (+1.64%)

(As of 01:37 PM ET)

Compare

Today's Range: $26.76
▼
$27.52
50-Day Range: $20.02
▼
$26.89
52-Week Range: $19.92
▼
$32.76

Volume: 158,569 shs
Average Volume: 524,451 shs
Market Capitalization: $7.82 billion

P/E Ratio: N/A
Dividend Yield: 3.70%
Price Target: $30.75

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Brookfield Renewable Partners MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.91 Rating Score
Upside/Downside: 12.3% Upside
$30.75 Price Target
Short Interest: Healthy
1.16% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.68
Based on 23 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.01) to ($0.09) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.27 out of 5 stars

Utilities Sector

53rd out of 91 stocks

Electric Services Industry

24th out of 41 stocks

3.5

Analyst's Opinion

Consensus Rating
Brookfield Renewable Partners has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Brookfield Renewable Partners has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Brookfield Renewable Partners' stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
1.16% of the float of Brookfield Renewable Partners has been sold short.
Short Interest Ratio / Days to Cover
Brookfield Renewable Partners has a short interest ratio ("days to cover") of 6.2.
Change versus previous month
Short interest in Brookfield Renewable Partners has recently decreased by 0.62%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Leadership
Brookfield Renewable Partners is a leading dividend payer. It pays a dividend yield of 3.93%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Brookfield Renewable Partners has only been increasing its dividend for 1 years.
Read more about Brookfield Renewable Partners' dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BEP.

3.7

News and Social Media Coverage

News Sentiment
Brookfield Renewable Partners has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 23 news articles for Brookfield Renewable Partners this week, compared to 3 articles on an average week.
Search Interest
36 people have searched for BEP on MarketBeat in the last 30 days. This is an increase of 80% compared to the previous 30 days.
MarketBeat Follows
12 people have added Brookfield Renewable Partners to their MarketBeat watchlist in the last 30 days. This is an increase of 1,100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Brookfield Renewable Partners insiders have not sold or bought any company stock.
Percentage Held by Institutions
63.16% of the stock of Brookfield Renewable Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Brookfield Renewable Partners' insider trading history.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Brookfield Renewable Partners are expected to decrease in the coming year, from ($0.01) to ($0.09) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Brookfield Renewable Partners is -59.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Brookfield Renewable Partners is -59.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Brookfield Renewable Partners has a P/B Ratio of 0.27. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
Read more about Brookfield Renewable Partners' valuation and earnings.

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About Brookfield Renewable Partners Stock (NYSE:BEP)

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. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. The company was formerly known as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners L.P. in May 2016. Brookfield Renewable Partners L.P. was founded in 1999 and is based in Toronto, Canada. Brookfield Renewable Partners L.P operates as a subsidiary of Brookfield Corporation.