Brookfield Renewable Partners L.P. (NYSE:BEP) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts assign Brookfield Renewable a consensus "Moderate Buy" from 16 firms (11 buys, 4 holds, 1 strong buy) with an average 1‑year target of $35.93 and individual targets ranging roughly from $28 to $42 after several recent upgrades.
• The company beat quarterly estimates (EPS $0.54 vs. -$0.34 est., revenue $1.54B vs. $1.49B) and raised the quarterly dividend to $0.392 (annualized yield ~4.6%), though analysts project negative FY EPS (about -0.87), producing a negative payout ratio.
• Shares trade near $34.18 with a market cap of $10.37B, a 12‑month range of $22.17–$35.97, about 63% institutional ownership, and a reported PE of -131.46 reflecting recent losses.

Brookfield Renewable Partners L.P. (NYSE:BEP - Get Free Report) TSE: BEP has earned a consensus recommendation of "Moderate Buy" from the sixteen research firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $35.9286.

BEP has been the subject of several research analyst reports. Barclays set a $28.00 target price on shares of Brookfield Renewable Partners and gave the company an "equal weight" rating in a research report on Friday, January 23rd. Wall Street Zen upgraded shares of Brookfield Renewable Partners from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating and set a $40.00 target price (up from $37.00) on shares of Brookfield Renewable Partners in a research report on Monday. Morgan Stanley lifted their target price on shares of Brookfield Renewable Partners from $38.00 to $42.00 and gave the company an "overweight" rating in a research report on Monday, March 23rd. Finally, Mizuho set a $31.00 price target on shares of Brookfield Renewable Partners and gave the company a "neutral" rating in a research report on Monday, February 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Kelleher Financial Advisors bought a new position in Brookfield Renewable Partners during the third quarter valued at approximately $26,000. Russell Investments Group Ltd. bought a new position in Brookfield Renewable Partners during the second quarter valued at approximately $34,000. CENTRAL TRUST Co bought a new position in Brookfield Renewable Partners during the first quarter valued at approximately $55,000. Root Financial Partners LLC bought a new position in Brookfield Renewable Partners during the third quarter valued at approximately $46,000. Finally, Triumph Capital Management bought a new position in Brookfield Renewable Partners during the third quarter valued at approximately $55,000. 63.16% of the stock is currently owned by institutional investors.

Brookfield Renewable Partners Trading Up 0.8%

Shares of BEP opened at $34.18 on Friday. The business's 50-day moving average price is $32.29 and its 200-day moving average price is $29.91. Brookfield Renewable Partners has a twelve month low of $22.17 and a twelve month high of $35.97. The stock has a market cap of $10.37 billion, a PE ratio of -131.46 and a beta of 1.09. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.80.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last announced its quarterly earnings results on Friday, January 30th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.88. Brookfield Renewable Partners had a net margin of 11.11% and a return on equity of 2.15%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. On average, equities analysts forecast that Brookfield Renewable Partners will post -0.87 EPS for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were given a dividend of $0.392 per share. The ex-dividend date was Friday, February 27th. This is an increase from Brookfield Renewable Partners's previous quarterly dividend of $0.37. This represents a $1.57 dividend on an annualized basis and a yield of 4.6%. Brookfield Renewable Partners's dividend payout ratio (DPR) is -603.85%.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy.

The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.

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