Brookfield Renewable Energy Partners LP (NYSE:bep) (TSE:BEP.UN) declared a quarterly dividend on Friday, November 25th. Stockholders of record on Wednesday, November 30th will be paid a dividend of 0.445 per share on Friday, December 30th. This represents a $1.78 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Monday, November 28th.

Brookfield Renewable Energy Partners (NYSE:BEP) opened at 29.105 on Monday. The firm’s market cap is $8.63 billion. The stock’s 50 day moving average is $29.65 and its 200 day moving average is $30.06. Brookfield Renewable Energy Partners has a 12 month low of $20.36 and a 12 month high of $31.85.

Brookfield Renewable Energy Partners (NYSE:BEP) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.06. Brookfield Renewable Energy Partners had a return on equity of 0.27% and a net margin of 1.36%. The company had revenue of $580 million for the quarter, compared to analysts’ expectations of $602.74 million. On average, equities analysts forecast that Brookfield Renewable Energy Partners will post $0.48 earnings per share for the current year.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Credit Suisse AG boosted its position in shares of Brookfield Renewable Energy Partners by 3.3% in the third quarter. Credit Suisse AG now owns 50,672 shares of the company’s stock worth $1,559,000 after buying an additional 1,600 shares in the last quarter. Jane Street Group LLC bought a new stake in Brookfield Renewable Energy Partners during the third quarter worth approximately $414,000. The Manufacturers Life Insurance Company bought a new stake in Brookfield Renewable Energy Partners during the third quarter worth approximately $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 worth $70,802,000 after buying an additional 100,255 shares during 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 worth $1,647,000 after buying an additional 11,742 shares during the last quarter. Institutional investors and hedge funds own 55.64% of the company’s stock.

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Several research firms have recently commented on BEP. TD Securities restated a “buy” rating and set a $35.00 price target on shares of Brookfield Renewable Energy Partners in a research note on Sunday, October 2nd. BMO Capital Markets reiterated a “buy” rating on shares of Brookfield Renewable Energy Partners in a research report on Sunday, November 6th. Zacks Investment Research cut Brookfield Renewable Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 6th. TheStreet cut Brookfield Renewable Energy Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $41.00 price objective on shares of Brookfield Renewable Energy Partners in a research report on Tuesday, October 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $37.14.

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.

5 Day Chart for NYSE:BEP

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