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

$26.18
-0.05 (-0.19%)
(As of 02:46 PM ET)

About Brookfield Renewable Partners Stock (NYSE:BEP)

Key Stats

Today's Range
$25.95
$26.62
50-Day Range
$23.29
$27.20
52-Week Range
$19.92
$28.81
Volume
199,726 shs
Average Volume
479,513 shs
Market Capitalization
$7.46 billion
P/E Ratio
N/A
Dividend Yield
5.42%
Price Target
$31.82
Consensus Rating
Moderate Buy

Company Overview

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.

Brookfield Renewable Partners Stock Analysis - MarketRank™

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Overall MarketRank™: 59th Percentile

Brookfield Renewable Partners scored higher than 59% of companies evaluated by MarketBeat, and ranked 67th out of 94 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Brookfield Renewable Partners has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Brookfield Renewable Partners has only been the subject of 3 research reports in the past 90 days.

  • Read more about Brookfield Renewable Partners' stock forecast and price target.
  • Earnings Growth

    Earnings for Brookfield Renewable Partners are expected to grow in the coming year, from ($0.57) to ($0.36) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Brookfield Renewable Partners is -56.91, 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 -56.91, 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 0.26. 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.
  • Percentage of Shares Shorted

    0.64% of the outstanding shares of Brookfield Renewable Partners have been sold short.
  • Short Interest Ratio / Days to Cover

    Brookfield Renewable Partners has a short interest ratio ("days to cover") of 4.2.
  • Change versus previous month

    Short interest in Brookfield Renewable Partners has recently decreased by 4.74%, indicating that investor sentiment is improving.
  • Dividend Leadership

    Brookfield Renewable Partners is a leading dividend payer. It pays a dividend yield of 5.43%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Brookfield Renewable Partners does not have a long track record of dividend growth.

  • Read more about Brookfield Renewable Partners' dividend.
  • Percentage of Shares Shorted

    0.64% of the outstanding shares of Brookfield Renewable Partners have been sold short.
  • Short Interest Ratio / Days to Cover

    Brookfield Renewable Partners has a short interest ratio ("days to cover") of 4.2.
  • Change versus previous month

    Short interest in Brookfield Renewable Partners has recently decreased by 4.74%, indicating that investor sentiment is improving.
  • News Sentiment

    Brookfield Renewable Partners has a news sentiment score of 1.17. 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 0.51 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Brookfield Renewable Partners this week, compared to 4 articles on an average week.
  • Search Interest

    41 people have searched for BEP on MarketBeat in the last 30 days. This is an increase of 356% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Brookfield Renewable Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
  • 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.
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BEP Stock News Headlines

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Brookfield Renewable Partners LP Pref Share BEP.PR.G
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BEP Stock Analysis - Frequently Asked Questions

Brookfield Renewable Partners' stock was trading at $26.28 on January 1st, 2024. Since then, BEP shares have decreased by 0.4% and is now trading at $26.18.
View the best growth stocks for 2024 here
.

Brookfield Renewable Partners L.P. (NYSE:BEP) issued its quarterly earnings data on Friday, August, 2nd. The utilities provider reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.13 by $0.41. Brookfield Renewable Partners's quarterly revenue was up 23.0% on a year-over-year basis.

Shares of Brookfield Renewable Partners split on Monday, December 14th 2020. The 3-2 split was announced on Wednesday, November 4th 2020. The newly issued shares were distributed 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.

Brookfield Renewable Partners' top institutional investors include 1832 Asset Management L.P. (3.42%), Principal Financial Group Inc. (2.55%), CIBC Asset Management Inc (2.43%) and Bank of Montreal Can (2.36%).

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

Company Calendar

Ex-Dividend for 6/28 Dividend
5/31/2024
Dividend Payable
6/28/2024
Last Earnings
8/02/2024
Ex-Dividend for 9/27 Dividend
8/30/2024
Today
9/19/2024
Dividend Payable
9/27/2024
Next Earnings (Estimated)
11/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Utilities
Employees
4,770
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$31.82
High Stock Price Target
$39.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+21.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$-21,000,000.00
Pretax Margin
1.31%

Debt

Sales & Book Value

Annual Sales
$5.48 billion
Cash Flow
$8.91 per share
Book Value
$101.75 per share

Miscellaneous

Free Float
N/A
Market Cap
$7.47 billion
Optionable
Optionable
Beta
0.93
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This page (NYSE:BEP) was last updated on 9/19/2024 by MarketBeat.com Staff
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