Brookfield Renewable Partners (NYSE:BEP) Trading Up 6.4%

Brookfield Renewable Partners L.P. (NYSE:BEP - Get Free Report) TSE: BEP traded up 6.4% on Wednesday . The company traded as high as $22.37 and last traded at $22.36. 566,427 shares were traded during trading, an increase of 15% from the average session volume of 494,465 shares. The stock had previously closed at $21.01.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. reissued a "neutral" rating and set a $28.00 price target (down previously from $36.00) on shares of Brookfield Renewable Partners in a research report on Monday, February 12th. Raymond James lowered their price target on Brookfield Renewable Partners from $33.00 to $32.00 and set a "strong-buy" rating on the stock in a research report on Thursday, April 25th. National Bankshares boosted their price target on Brookfield Renewable Partners from $29.00 to $31.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 9th. Finally, StockNews.com cut Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Brookfield Renewable Partners currently has a consensus rating of "Moderate Buy" and an average target price of $30.50.

Brookfield Renewable Partners Trading Up 10.9 %

The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $6.67 billion, a P/E ratio of -72.84 and a beta of 0.80. The firm has a 50 day moving average of $22.35 and a 200-day moving average of $23.86.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its earnings results on Friday, February 2nd. The utilities provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. Brookfield Renewable Partners had a return on equity of 2.23% and a net margin of 12.23%. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the prior year, the company earned ($0.16) earnings per share. The company's quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts predict that Brookfield Renewable Partners L.P. will post -0.01 earnings per share for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 6.09%. This is an increase from Brookfield Renewable Partners's previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, February 28th. Brookfield Renewable Partners's dividend payout ratio is presently -421.88%.

Institutional Trading of Brookfield Renewable Partners

A number of institutional investors and hedge funds have recently bought and sold shares of BEP. BNP Paribas Financial Markets grew its holdings in Brookfield Renewable Partners by 2,229.4% during the 1st quarter. BNP Paribas Financial Markets now owns 25,507 shares of the utilities provider's stock worth $593,000 after acquiring an additional 24,412 shares during the period. Principal Financial Group Inc. grew its holdings in Brookfield Renewable Partners by 4.4% during the 1st quarter. Principal Financial Group Inc. now owns 7,208,237 shares of the utilities provider's stock worth $167,447,000 after acquiring an additional 302,274 shares during the period. Verity & Verity LLC acquired a new stake in Brookfield Renewable Partners during the 1st quarter worth about $252,000. PFG Investments LLC grew its holdings in Brookfield Renewable Partners by 11.5% during the 1st quarter. PFG Investments LLC now owns 74,592 shares of the utilities provider's stock worth $1,733,000 after acquiring an additional 7,710 shares during the period. Finally, Everett Harris & Co. CA acquired a new stake in Brookfield Renewable Partners during the 1st quarter worth about $286,000. 63.16% 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, 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.