Brookfield Renewable Partners LP (NYSE:BEP) Receives $34.80 Consensus PT from Analysts

Shares of Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) have earned a consensus recommendation of “Hold” from the nine research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $35.67.

Several analysts have issued reports on the company. Raymond James restated a “market perform” rating and issued a $31.00 target price on shares of Brookfield Renewable Partners in a report on Thursday, July 4th. Wells Fargo & Co restated a “buy” rating and issued a $36.00 target price on shares of Brookfield Renewable Partners in a report on Thursday, April 4th. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Barclays dropped their target price on Realogy from $9.00 to $5.00 and set an “underweight” rating for the company in a report on Thursday. Finally, Desjardins upped their target price on Stella-Jones from C$50.00 to C$54.00 in a report on Friday, May 3rd.

Shares of BEP traded down $0.41 during trading hours on Tuesday, hitting $35.93. 345,910 shares of the stock were exchanged, compared to its average volume of 155,593. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.98. Brookfield Renewable Partners has a 12-month low of $24.51 and a 12-month high of $36.51. The firm has a market capitalization of $6.43 billion, a P/E ratio of 276.38, a price-to-earnings-growth ratio of 10.92 and a beta of 0.51. The stock has a 50-day moving average price of $34.08.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Brookfield Renewable Partners had a return on equity of 1.47% and a net margin of 7.20%. The firm had revenue of $825.00 million for the quarter, compared to analysts’ expectations of $839.76 million. On average, equities analysts forecast that Brookfield Renewable Partners will post 0.47 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of Brookfield Renewable Partners by 1.5% during the 1st quarter. Bank of Montreal Can now owns 4,422,596 shares of the utilities provider’s stock worth $141,302,000 after purchasing an additional 66,603 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Brookfield Renewable Partners by 0.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,555,134 shares of the utilities provider’s stock worth $81,637,000 after purchasing an additional 16,085 shares during the period. FIL Ltd grew its holdings in shares of Brookfield Renewable Partners by 96.1% during the 1st quarter. FIL Ltd now owns 1,871,967 shares of the utilities provider’s stock worth $59,674,000 after purchasing an additional 917,577 shares during the period. Montrusco Bolton Investments Inc. grew its holdings in shares of Brookfield Renewable Partners by 7.7% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 1,583,125 shares of the utilities provider’s stock worth $49,676,000 after purchasing an additional 113,625 shares during the period. Finally, Ronna Sue Cohen grew its holdings in shares of Brookfield Renewable Partners by 3,095.0% during the 1st quarter. Ronna Sue Cohen now owns 640,598 shares of the utilities provider’s stock worth $641,000 after purchasing an additional 620,548 shares during the period. Institutional investors and hedge funds own 53.40% of the company’s stock.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydro, wind, solar, cogeneration, and biomass sources. Its portfolio consists of approximately 17,400 megawatts of installed capacity.

Featured Story: How is a management fee different from a performance fee?

Analyst Recommendations for Brookfield Renewable Partners (NYSE:BEP)

Receive News & Ratings for Brookfield Renewable Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Partners and related companies with MarketBeat.com's FREE daily email newsletter.