Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) has been assigned a consensus rating of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $40.75.

A number of equities research analysts have recently weighed in on the stock. National Bank Financial lifted their price target on shares of Brookfield Renewable Partners from $37.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, September 30th. Royal Bank of Canada lifted their price target on shares of Brookfield Renewable Partners from $37.00 to $39.00 and gave the company a “sector perform” rating in a research report on Monday, September 30th. Barclays lifted their price target on shares of Brookfield Renewable Partners from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Zacks Investment Research downgraded shares of Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Credit Suisse Group downgraded shares of Brookfield Renewable Partners from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 25th.

Shares of NYSE BEP traded up $0.50 during midday trading on Thursday, reaching $42.65. The company’s stock had a trading volume of 132,647 shares, compared to its average volume of 207,248. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.94 and a current ratio of 0.94. Brookfield Renewable Partners has a fifty-two week low of $24.51 and a fifty-two week high of $42.76. The business’s 50 day moving average price is $39.16 and its two-hundred day moving average price is $35.19. The company has a market cap of $7.54 billion, a P/E ratio of 328.08 and a beta of 0.48.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.21). Brookfield Renewable Partners had a net margin of 9.16% and a return on equity of 1.80%. The business had revenue of $787.00 million during the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 9.66%. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, August 29th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is 1,584.62%.

A number of large investors have recently made changes to their positions in BEP. CIBC Asset Management Inc increased its stake in Brookfield Renewable Partners by 54.8% in the second quarter. CIBC Asset Management Inc now owns 1,639,689 shares of the utilities provider’s stock valued at $56,719,000 after acquiring an additional 580,157 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its stake in Brookfield Renewable Partners by 532.4% in the second quarter. Kayne Anderson Capital Advisors LP now owns 577,400 shares of the utilities provider’s stock valued at $19,969,000 after acquiring an additional 486,100 shares during the last quarter. CIBC Private Wealth Group LLC bought a new position in Brookfield Renewable Partners in the third quarter valued at approximately $15,761,000. Royal Bank of Canada increased its stake in Brookfield Renewable Partners by 2.5% in the second quarter. Royal Bank of Canada now owns 8,295,423 shares of the utilities provider’s stock valued at $286,956,000 after acquiring an additional 204,510 shares during the last quarter. Finally, Walnut Private Equity Partners LLC bought a new position in Brookfield Renewable Partners in the third quarter valued at approximately $3,001,000. 53.94% of the stock is currently owned by institutional investors and hedge funds.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydro, wind, solar, cogeneration, and biomass sources. Its portfolio consists of approximately 17,400 megawatts of installed capacity.

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Analyst Recommendations for Brookfield Renewable Partners (NYSE:BEP)

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