Shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) have been given an average recommendation of “Hold” by the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $36.63.

Several analysts have commented on the stock. Raymond James Financial, Inc. decreased their price objective on shares of Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating for the company in a research note on Thursday, August 17th. Brookfield Renewable Partners LP cut their price objective on shares of Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating on the stock in a research note on Thursday, August 17th. Royal Bank Of Canada increased their price objective on shares of Brookfield Renewable Partners L.P. from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 8th. National Bank Financial cut shares of Brookfield Renewable Partners L.P. from an “outperform” rating to a “sector perform” rating and set a $35.00 target price for the company. in a report on Tuesday, August 8th. Finally, TD Securities raised their target price on shares of Brookfield Renewable Partners L.P. from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th.

Shares of Brookfield Renewable Partners L.P. (NYSE BEP) traded down 1.70% during trading on Wednesday, reaching $32.95. The company had a trading volume of 134,439 shares. Brookfield Renewable Partners L.P. has a 1-year low of $26.61 and a 1-year high of $36.00. The company’s 50 day moving average is $34.45 and its 200-day moving average is $32.08. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 10983.33 and a beta of 0.23.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.05. Brookfield Renewable Partners L.P. had a net margin of 3.66% and a return on equity of 0.76%. The company had revenue of $683.00 million for the quarter, compared to the consensus estimate of $721.75 million. On average, equities research analysts anticipate that Brookfield Renewable Partners L.P. will post $0.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Saturday, September 30th. Investors of record on Thursday, August 31st were issued a dividend of $0.4675 per share. This represents a $1.87 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date was Tuesday, August 29th. Brookfield Renewable Partners L.P.’s dividend payout ratio (DPR) is presently -1,869.81%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in shares of Brookfield Renewable Partners L.P. by 6.3% in the second quarter. Principal Financial Group Inc. now owns 2,392,353 shares of the utilities provider’s stock worth $76,412,000 after acquiring an additional 142,656 shares during the period. AGF Investments America Inc. grew its position in shares of Brookfield Renewable Partners L.P. by 5.2% during the 2nd quarter. AGF Investments America Inc. now owns 178,732 shares of the utilities provider’s stock valued at $5,702,000 after acquiring an additional 8,831 shares during the period. Hexavest Inc. grew its position in shares of Brookfield Renewable Partners L.P. by 1.1% during the 2nd quarter. Hexavest Inc. now owns 338,455 shares of the utilities provider’s stock valued at $10,776,000 after acquiring an additional 3,715 shares during the period. Mackenzie Financial Corp grew its position in shares of Brookfield Renewable Partners L.P. by 1.0% during the 1st quarter. Mackenzie Financial Corp now owns 568,787 shares of the utilities provider’s stock valued at $16,910,000 after acquiring an additional 5,492 shares during the period. Finally, Greystone Investment Management LLC grew its position in shares of Brookfield Renewable Partners L.P. by 7.9% during the 2nd quarter. Greystone Investment Management LLC now owns 41,190 shares of the utilities provider’s stock valued at $1,314,000 after acquiring an additional 3,000 shares during the period. 58.34% of the stock is owned by institutional investors.

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Brookfield Renewable Partners L.P. Company Profile

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.

Analyst Recommendations for Brookfield Renewable Partners L.P. (NYSE:BEP)

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