Brookfield Renewable Partners - BEP Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brookfield Renewable Partners in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BEP shares.
View BEP analyst ratings or view top-rated stocks.

13 analysts have issued twelve-month price objectives for Brookfield Renewable Partners' shares. Their BEP share price forecasts range from $33.00 to $46.00. On average, they expect the company's share price to reach $40.27 in the next year. This suggests a possible upside of 46.2% from the stock's current price.
View analysts price targets for BEP or view top-rated stocks among Wall Street analysts.

Brookfield Renewable Partners' stock was trading at $35.79 on January 1st, 2022. Since then, BEP shares have decreased by 23.0% and is now trading at $27.55.
View the best growth stocks for 2022 here.

Brookfield Renewable Partners saw a increase in short interest in November. As of November 15th, there was short interest totaling 952,500 shares, an increase of 48.3% from the October 31st total of 642,100 shares. Based on an average daily volume of 322,400 shares, the days-to-cover ratio is currently 3.0 days. Approximately 0.4% of the company's stock are sold short.
View Brookfield Renewable Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 3rd 2023.
View our BEP earnings forecast.

Brookfield Renewable Partners L.P. (NYSE:BEP) released its quarterly earnings results on Thursday, November, 4th. The utilities provider reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.13. The utilities provider had revenue of $966 million for the quarter, compared to the consensus estimate of $988.78 million. Brookfield Renewable Partners had a trailing twelve-month return on equity of 0.49% and a net margin of 2.41%. Brookfield Renewable Partners's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.29) earnings per share.

Brookfield Renewable Partners declared a quarterly dividend on Friday, November 4th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.32 per share on Friday, December 30th. This represents a $1.28 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Tuesday, November 29th.
Read our dividend analysis for BEP.

Brookfield Renewable Partners (NYSE:BEP) pays an annual dividend of $1.28 per share and currently has a dividend yield of 4.40%. BEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for BEP.

Brookfield Renewable Partners's stock split before market open on Monday, December 14th 2020. The 3-2 split was announced on Wednesday, November 4th 2020. The newly created shares were distributed to shareholders after the market closes on Friday, December 11th 2020. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

57 employees have rated Brookfield Renewable Partners Chief Executive Officer Sachin Shah on Glassdoor.com. Sachin Shah has an approval rating of 57% among the company's employees. This puts Sachin Shah in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Brookfield Renewable Partners investors own include AT&T (T), AbbVie (ABBV), Brookfield Infrastructure Partners (BIP), Enterprise Products Partners (EPD), Pfizer (PFE), Verizon Communications (VZ), Energy Transfer (ET), Intel (INTC), Johnson & Johnson (JNJ) and Cisco Systems (CSCO).

Brookfield Renewable Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "BEP."

Brookfield Renewable Partners' stock is owned by many different institutional and retail investors. Top institutional investors include Bank of Montreal Can (2.44%), Royal Bank of Canada (2.15%), CIBC Asset Management Inc (1.38%), TD Asset Management Inc. (1.07%), Toronto Dominion Bank (1.04%) and Kayne Anderson Capital Advisors LP (0.87%).

Shares of BEP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of BEP stock can currently be purchased for approximately $27.55.

Brookfield Renewable Partners (NYSE:BEP) has a market capitalization of $7.58 billion and generates $4.10 billion in revenue each year. The utilities provider earns $-124,000,000.00 in net income (profit) each year or ($0.56) on an earnings per share basis.

The company employs 2,875 workers across the globe.

Brookfield Renewable Partners' mailing address is 73 FRONT STREET FIFTH FLOOR, HAMILTON D0, HM 12. The official website for the company is www.bep.brookfield.com. The utilities provider can be reached via phone at (441) 294-3304, via email at enquiries@brookfieldrenewable.com, or via fax at 441-296-4475.