Shares of Brookfield Renewable Partners L.P. (NYSE:BEP – Get Free Report) (TSE:BEP) have earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $31.78.
Several equities research analysts have weighed in on the stock. National Bankshares raised their price objective on shares of Brookfield Renewable Partners from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. StockNews.com lowered shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. CIBC upped 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. JPMorgan Chase & Co. decreased their price objective on Brookfield Renewable Partners from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Finally, UBS Group upgraded Brookfield Renewable Partners from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $31.00 in a research report on Monday, September 30th.
View Our Latest Stock Report on BEP
Institutional Inflows and Outflows
Brookfield Renewable Partners Price Performance
NYSE:BEP opened at $27.77 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.91. The firm has a market cap of $7.91 billion, a PE ratio of -60.35 and a beta of 0.94. Brookfield Renewable Partners has a 12 month low of $19.92 and a 12 month high of $29.56. The company’s 50-day moving average price is $26.06 and its two-hundred day moving average price is $25.38.
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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.41). Brookfield Renewable Partners had a net margin of 2.37% and a return on equity of 0.46%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm posted ($0.10) EPS. The business’s revenue was up 23.0% on a year-over-year basis. On average, equities analysts anticipate that Brookfield Renewable Partners will post -0.57 EPS for the current fiscal year.
Brookfield Renewable Partners Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 5.11%. The ex-dividend date was Friday, August 30th. Brookfield Renewable Partners’s payout ratio is -308.70%.
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.
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