Shares of Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the stock, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $38.44.

BEP has been the subject of several research reports. Brookfield Renewable Partners upped their target price on Brookfield Renewable Partners to $48.50 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised Brookfield Renewable Partners from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday, October 5th. GMP Securities reaffirmed a “hold” rating and issued a $34.50 target price on shares of Brookfield Renewable Partners in a research note on Friday, October 20th. BMO Capital Markets reaffirmed a “hold” rating and issued a $35.00 target price on shares of Brookfield Renewable Partners in a research note on Friday, October 20th. Finally, Raymond James Financial cut their target price on Brookfield Renewable Partners to $42.00 and set a “market perform” rating for the company in a research note on Thursday, August 17th.

Brookfield Renewable Partners (NYSE:BEP) traded up $0.30 during mid-day trading on Monday, hitting $32.95. 50,098 shares of the company traded hands, compared to its average volume of 65,725. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.74. Brookfield Renewable Partners has a one year low of $28.13 and a one year high of $36.00.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be issued a dividend of $0.468 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend is Wednesday, November 29th. This is an increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. Brookfield Renewable Partners’s dividend payout ratio is currently -1,558.33%.

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new position in Brookfield Renewable Partners in the second quarter worth $109,000. Cambridge Investment Research Advisors Inc. bought a new position in Brookfield Renewable Partners in the third quarter worth $213,000. Wells Fargo & Company MN raised its holdings in Brookfield Renewable Partners by 242.2% in the second quarter. Wells Fargo & Company MN now owns 8,972 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 6,350 shares in the last quarter. Baldwin Investment Management LLC bought a new position in Brookfield Renewable Partners in the third quarter worth $296,000. Finally, Advisory Services Network LLC bought a new position in Brookfield Renewable Partners in the second quarter worth $305,000. Institutional investors own 58.37% of the company’s stock.

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Brookfield Renewable Partners 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 (NYSE:BEP)

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