Brookfield Renewable Partners (NYSE:BEP) Given New $30.00 Price Target at CIBC

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP had its price objective decreased by investment analysts at CIBC from $31.00 to $30.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "outperformer" rating on the utilities provider's stock. CIBC's price target suggests a potential upside of 33.51% from the company's current price.

A number of other equities analysts have also issued reports on the stock. Scotiabank raised their price target on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Royal Bank of Canada reiterated an "outperform" rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a report on Monday, February 3rd. Barclays started coverage on Brookfield Renewable Partners in a research report on Wednesday, April 2nd. They issued an "equal weight" rating and a $27.00 target price on the stock. Wells Fargo & Company reduced their price objective on Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $29.67.

Brookfield Renewable Partners Trading Up 0.2 %

Shares of NYSE BEP traded up $0.05 during trading hours on Monday, hitting $22.47. 37,672 shares of the company traded hands, compared to its average volume of 557,266. The company has a current ratio of 0.25, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. Brookfield Renewable Partners has a 12 month low of $19.29 and a 12 month high of $29.56. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of -25.25 and a beta of 0.99. The company's 50 day moving average price is $22.27 and its 200 day moving average price is $23.24.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its quarterly earnings data on Friday, May 2nd. The utilities provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.09). Brookfield Renewable Partners had a negative net margin of 0.15% and a negative return on equity of 0.03%. The firm had revenue of $907.00 million during the quarter, compared to the consensus estimate of $1.73 billion. On average, equities research analysts anticipate that Brookfield Renewable Partners will post -1.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brookfield Renewable Partners

Institutional investors have recently modified their holdings of the stock. Texas Yale Capital Corp. grew its position in shares of Brookfield Renewable Partners by 45.8% during the first quarter. Texas Yale Capital Corp. now owns 49,350 shares of the utilities provider's stock worth $1,094,000 after acquiring an additional 15,500 shares during the last quarter. TD Asset Management Inc raised its position in shares of Brookfield Renewable Partners by 30.1% during the 1st quarter. TD Asset Management Inc now owns 2,975,447 shares of the utilities provider's stock worth $65,866,000 after buying an additional 689,196 shares in the last quarter. Cetera Investment Advisers grew its holdings in Brookfield Renewable Partners by 17.2% during the first quarter. Cetera Investment Advisers now owns 46,111 shares of the utilities provider's stock worth $1,022,000 after acquiring an additional 6,764 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of Brookfield Renewable Partners by 5.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 25,373 shares of the utilities provider's stock worth $562,000 after purchasing an additional 1,221 shares during the last quarter. Finally, Davis Rea LTD. acquired a new stake in Brookfield Renewable Partners during the first quarter valued at approximately $3,406,000. Institutional investors and hedge funds own 63.16% of the company's stock.

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.