Brookfield Renewable Partners L.P. (NYSE:BEP) Receives Average Rating of "Buy" from Analysts

Shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Get Free Report) TSE: BEP have earned an average rating of "Buy" from the eight brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $29.13.

A number of analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Brookfield Renewable Partners in a research report on Wednesday, April 2nd. They issued an "equal weight" rating and a $27.00 price target for the company. National Bank Financial raised shares of Brookfield Renewable Partners to a "strong-buy" rating in a research report on Sunday, June 8th. Wells Fargo & Company cut their price objective on shares of Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, CIBC cut their price objective on shares of Brookfield Renewable Partners from $31.00 to $30.00 and set an "outperformer" rating on the stock in a research report on Monday, May 5th.

Institutional Investors Weigh In On Brookfield Renewable Partners

Institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC boosted its stake in Brookfield Renewable Partners by 103.6% during the first quarter. Golden State Wealth Management LLC now owns 1,138 shares of the utilities provider's stock worth $25,000 after buying an additional 579 shares in the last quarter. Promus Capital LLC acquired a new stake in Brookfield Renewable Partners during the fourth quarter worth $37,000. Rossby Financial LCC acquired a new stake in Brookfield Renewable Partners during the first quarter worth $41,000. NBC Securities Inc. acquired a new stake in Brookfield Renewable Partners during the first quarter worth $42,000. Finally, Jones Financial Companies Lllp boosted its stake in Brookfield Renewable Partners by 26.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider's stock worth $59,000 after buying an additional 537 shares in the last quarter. Institutional investors and hedge funds own 63.16% of the company's stock.

Brookfield Renewable Partners Stock Performance

NYSE:BEP opened at $25.61 on Friday. Brookfield Renewable Partners has a twelve month low of $19.29 and a twelve month high of $29.56. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average of $24.06 and a 200-day moving average of $22.91. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of -25.36 and a beta of 0.98.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last announced its earnings results on Friday, May 2nd. The utilities provider reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.09). Brookfield Renewable Partners had a negative return on equity of 0.15% and a negative net margin of 0.79%. The firm had revenue of $907.00 million during the quarter, compared to analyst estimates of $1.73 billion. Analysts forecast that Brookfield Renewable Partners will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable Partners's dividend payout ratio (DPR) is currently -147.52%.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.

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