Shares of Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) have been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $33.64.
Several analysts have weighed in on the company. Scotiabank reaffirmed a “hold” rating and set a $34.00 target price on shares of Brookfield Renewable Partners in a research note on Friday, August 3rd. Wells Fargo & Co set a $34.00 target price on Brookfield Renewable Partners and gave the company a “buy” rating in a research note on Wednesday, October 31st. Deutsche Bank assumed coverage on Brookfield Renewable Partners in a research note on Friday, September 28th. They set a “sell” rating and a $28.00 target price on the stock. Zacks Investment Research downgraded Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Finally, TheStreet downgraded Brookfield Renewable Partners from a “c-” rating to a “d+” rating in a research note on Tuesday, October 30th.
Several institutional investors and hedge funds have recently bought and sold shares of BEP. Toronto Dominion Bank raised its stake in shares of Brookfield Renewable Partners by 36.7% in the 2nd quarter. Toronto Dominion Bank now owns 2,412,040 shares of the utilities provider’s stock worth $72,388,000 after buying an additional 647,475 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Brookfield Renewable Partners by 523.7% in the 2nd quarter. Private Advisor Group LLC now owns 106,609 shares of the utilities provider’s stock worth $3,208,000 after buying an additional 89,517 shares in the last quarter. Premier Fund Managers Ltd raised its stake in shares of Brookfield Renewable Partners by 86.6% in the 2nd quarter. Premier Fund Managers Ltd now owns 130,600 shares of the utilities provider’s stock worth $3,895,000 after buying an additional 60,600 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Brookfield Renewable Partners in the 2nd quarter worth $295,000. Finally, Citadel Advisors LLC raised its stake in shares of Brookfield Renewable Partners by 143.3% in the 2nd quarter. Citadel Advisors LLC now owns 15,868 shares of the utilities provider’s stock worth $477,000 after buying an additional 9,347 shares in the last quarter. 55.18% of the stock is currently owned by institutional investors.
Brookfield Renewable Partners stock traded up $0.01 during mid-day trading on Monday, hitting $28.44. 7,858 shares of the company’s stock traded hands, compared to its average volume of 164,064. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $5.13 billion, a P/E ratio of -157.56 and a beta of 0.34. Brookfield Renewable Partners has a one year low of $26.08 and a one year high of $35.34.
Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its earnings results on Wednesday, October 31st. The utilities provider reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.12). The business had revenue of $674.00 million for the quarter, compared to the consensus estimate of $744.79 million. Brookfield Renewable Partners had a net margin of 1.89% and a return on equity of 0.41%.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, November 30th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date of this dividend is Thursday, November 29th. Brookfield Renewable Partners’s dividend payout ratio is presently -1,088.89%.
Brookfield Renewable Partners Company Profile
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies.
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