Brookfield Renewable Energy Partners LP (NYSE:BEP) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday.

According to Zacks, “Brookfield Renewable Energy Partners L.P. owns and operates renewable power platform. The company’s power generating portfolio comprised of hydroelectric generating, wind facilities and natural gas-fired plants. It operates in the United States, Canada and Brazil. The company sells its generation output to public power authorities, load-serving utilities and industrial users. Brookfield Renewable Energy Partners L.P., is based in Hamilton, Bermuda. “

Other equities analysts also recently issued reports about the company. BMO Capital Markets reiterated an “outperform” rating on shares of Brookfield Renewable Energy Partners in a research report on Monday, June 13th. Royal Bank Of Canada restated a “sector perform” rating and issued a $39.00 target price on shares of Brookfield Renewable Energy Partners in a research report on Monday, June 13th. TD Securities restated a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of Brookfield Renewable Energy Partners in a research report on Wednesday, August 10th. National Bank Financial upgraded Brookfield Renewable Energy Partners from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 13th. Finally, Desjardins downgraded Brookfield Renewable Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $35.86.

Analyst Recommendations for Brookfield Renewable Energy Partners (NYSE:BEP)

Shares of Brookfield Renewable Energy Partners (NYSE:BEP) opened at 30.00 on Thursday. Brookfield Renewable Energy Partners has a 12-month low of $20.36 and a 12-month high of $31.85. The firm’s market cap is $8.89 billion. The stock’s 50 day moving average price is $30.61 and its 200 day moving average price is $29.97.

Brookfield Renewable Energy Partners (NYSE:BEP) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The business had revenue of $627 million for the quarter, compared to analyst estimates of $718.66 million. Brookfield Renewable Energy Partners had a return on equity of 0.76% and a net margin of 3.79%. On average, equities research analysts predict that Brookfield Renewable Energy Partners will post $0.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were issued a $0.445 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.78 annualized dividend and a dividend yield of 5.93%. Brookfield Renewable Energy Partners’s dividend payout ratio is currently -1,618.03%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in Brookfield Renewable Energy Partners by 16.5% in the second quarter. Royal Bank of Canada now owns 11,013,600 shares of the company’s stock valued at $328,095,000 after buying an additional 1,555,952 shares in the last quarter. Guardian Capital LP increased its stake in shares of Brookfield Renewable Energy Partners by 4.4% in the second quarter. Guardian Capital LP now owns 2,394,865 shares of the company’s stock valued at $70,802,000 after buying an additional 100,255 shares during the period. Guardian Capital Advisors LP increased its stake in shares of Brookfield Renewable Energy Partners by 27.6% in the second quarter. Guardian Capital Advisors LP now owns 54,288 shares of the company’s stock valued at $1,647,000 after buying an additional 11,742 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Brookfield Renewable Energy Partners during the second quarter valued at about $264,000. Finally, Counsel Portfolio Services Inc. purchased a new stake in shares of Brookfield Renewable Energy Partners during the second quarter valued at about $237,000. 55.81% of the stock is currently owned by institutional investors.

About Brookfield Renewable Energy Partners

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., owns and operates a portfolio of renewable power generating facilities in North America, Brazil, Colombia and Europe. The Company operates over three biomass facilities and Co-generation (Co-gen) facilities. The Company operates through three segments: Hydroelectric, Wind and Other, which includes Co-gen and Biomass.

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