Brookfield Renewable Energy Partners LP (NYSE:bep) (TSE:BEP.UN) announced a quarterly dividend on Friday, November 4th. Shareholders of record on Wednesday, November 30th will be given a dividend of 0.445 per share on Saturday, December 31st. This represents a $1.78 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend is Monday, November 28th.

Shares of Brookfield Renewable Energy Partners (NYSE:BEP) opened at 28.90 on Wednesday. Brookfield Renewable Energy Partners has a 12-month low of $20.36 and a 12-month high of $31.85. The firm has a 50-day moving average price of $29.72 and a 200-day moving average price of $30.06. The firm’s market cap is $8.57 billion.

Brookfield Renewable Energy Partners (NYSE:BEP) last posted its earnings results on Thursday, November 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.06. Brookfield Renewable Energy Partners had a net margin of 1.36% and a return on equity of 0.27%. The business earned $580 million during the quarter, compared to analyst estimates of $602.74 million. Equities research analysts anticipate that Brookfield Renewable Energy Partners will post $0.48 EPS for the current year.

Dividend History for Brookfield Renewable Energy Partners (NYSE:bep)

A number of analysts have recently commented on the company. BMO Capital Markets set a $35.00 price target on Brookfield Renewable Energy Partners and gave the company a “buy” rating in a report on Friday, August 5th. RBC Capital Markets restated a “sector perform” rating and issued a $41.00 price target on shares of Brookfield Renewable Energy Partners in a report on Tuesday, October 4th. Desjardins lowered Brookfield Renewable Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, July 29th. TD Securities restated a “buy” rating and issued a $35.00 price target (up from $33.00) on shares of Brookfield Renewable Energy Partners in a report on Wednesday, August 10th. Finally, Zacks Investment Research upgraded Brookfield Renewable Energy Partners from a “strong sell” rating to a “hold” rating in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $37.14.

Hedge funds have recently added to or reduced their stakes in the stock. Credit Suisse AG raised its stake in Brookfield Renewable Energy Partners by 3.3% in the third quarter. Credit Suisse AG now owns 50,672 shares of the company’s stock valued at $1,559,000 after buying an additional 1,600 shares in the last quarter. Jane Street Group LLC acquired a new stake in Brookfield Renewable Energy Partners during the third quarter valued at about $414,000. The Manufacturers Life Insurance Company acquired a new stake in Brookfield Renewable Energy Partners during the third quarter valued at about $9,900,000. Guardian Capital LP raised its stake in 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 in the last quarter. Finally, Guardian Capital Advisors LP raised its stake in 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 in the last quarter. Hedge funds and other institutional investors own 55.50% of the company’s stock.

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Brookfield Renewable Energy Partners Company Profile

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.

5 Day Chart for NYSE:BEP

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