Brookfield Renewable Partners L.P. (NYSE:BEP – Get Free Report) (TSE:BEP) has received a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $31.17.
A number of brokerages recently issued reports on BEP. Royal Bank of Canada increased their price target on shares of Brookfield Renewable Partners from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. CIBC increased their price target on shares of Brookfield Renewable Partners from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. BMO Capital Markets increased their price objective on shares of Brookfield Renewable Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, May 6th. National Bankshares increased their price objective on shares of Brookfield Renewable Partners from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, May 28th. Finally, Scotiabank increased their price objective on shares of Brookfield Renewable Partners from $31.00 to $32.00 and gave the company a “sector outperform” rating in a report on Wednesday, June 12th.
View Our Latest Stock Analysis on BEP
Institutional Investors Weigh In On Brookfield Renewable Partners
Brookfield Renewable Partners Stock Performance
Shares of NYSE BEP opened at $24.52 on Wednesday. The company’s fifty day moving average price is $25.39 and its 200 day moving average price is $24.81. Brookfield Renewable Partners has a 1 year low of $19.92 and a 1 year high of $30.32. The company has a market capitalization of $6.99 billion, a PE ratio of -53.30 and a beta of 0.94. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.56 and a current ratio of 0.56.
Brookfield Renewable Partners (NYSE:BEP – Get Free Report) (TSE:BEP) last announced its quarterly earnings results on Friday, May 3rd. The utilities provider reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.24). Brookfield Renewable Partners had a return on equity of 1.30% and a net margin of 7.10%. The firm had revenue of $875.00 million for the quarter, compared to analysts’ expectations of $828.39 million. On average, research analysts predict that Brookfield Renewable Partners will post -0.49 earnings per share for the current year.
Brookfield Renewable Partners Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date of this dividend is Friday, May 31st. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -308.69%.
Brookfield Renewable Partners Company Profile
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.
See Also
- Five stocks we like better than Brookfield Renewable Partners
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Micron Technology Stock Volatile Despite Analyst Upgrades
- The Most Important Warren Buffett Stock for Investors: His Own
- McDonald’s Stock: Balancing Value and Innovation
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- MarketBeat Week in Review – 6/17 – 6/21
Receive News & Ratings for Brookfield Renewable Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Partners and related companies with MarketBeat.com's FREE daily email newsletter.