Shares of Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) have earned a consensus rating of “Buy” from the fourteen analysts that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $52.47.
A number of research firms have recently weighed in on BEP. Credit Suisse Group began coverage on Brookfield Renewable Partners in a research note on Monday, June 8th. They issued a “neutral” rating for the company. Mizuho initiated coverage on Brookfield Renewable Partners in a research report on Thursday, May 14th. They set a “neutral” rating and a $49.00 price target for the company. ValuEngine raised Brookfield Renewable Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Industrial Alliance Securities raised Brookfield Renewable Partners to a “buy” rating and set a $63.69 price target for the company in a research report on Friday, March 20th. Finally, TheStreet raised Brookfield Renewable Partners from a “d+” rating to a “c” rating in a research report on Friday, June 19th.
Several institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in shares of Brookfield Renewable Partners in the first quarter worth about $34,000. 1832 Asset Management L.P. grew its holdings in shares of Brookfield Renewable Partners by 29.7% during the first quarter. 1832 Asset Management L.P. now owns 938 shares of the utilities provider’s stock worth $40,000 after buying an additional 215 shares in the last quarter. HBC Financial Services PLLC purchased a new stake in shares of Brookfield Renewable Partners during the fourth quarter worth about $47,000. Total Clarity Wealth Management Inc. purchased a new stake in Brookfield Renewable Partners in the fourth quarter valued at approximately $47,000. Finally, Horan Securities Inc. purchased a new stake in Brookfield Renewable Partners in the first quarter valued at approximately $47,000. Institutional investors own 57.73% of the company’s stock.
Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its earnings results on Wednesday, May 6th. The utilities provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Brookfield Renewable Partners had a net margin of 4.68% and a return on equity of 0.85%. The company had revenue of $792.00 million during the quarter.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a $0.5425 dividend. The ex-dividend date is Thursday, May 28th. This represents a $2.17 annualized dividend and a dividend yield of 4.49%. Brookfield Renewable Partners’s payout ratio is currently -1,142.11%.
Brookfield Renewable Partners Company Profile
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydro, wind, solar, cogeneration, and biomass sources. Its portfolio consists of approximately 17,400 megawatts of installed capacity.
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