Brookfield Renewable Partners L.P. (NYSE:BEP – Get Rating) (TSE:BEP) shares saw unusually-high trading volume on Tuesday . Approximately 11,292 shares were traded during trading, a decline of 94% from the previous session's volume of 186,519 shares.The stock last traded at $37.47 and had previously closed at $37.85.
Analyst Ratings Changes
BEP has been the topic of a number of research analyst reports. TD Securities raised their price target on Brookfield Renewable Partners from $41.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, August 8th. JPMorgan Chase & Co. increased their price objective on Brookfield Renewable Partners from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Monday, August 8th. Wells Fargo & Company increased their price objective on Brookfield Renewable Partners from $40.00 to $42.00 and gave the stock an "overweight" rating in a report on Monday, August 8th. National Bankshares increased their price objective on Brookfield Renewable Partners from $38.00 to $42.00 and gave the stock an "outperform" rating in a report on Monday, August 8th. Finally, Royal Bank of Canada increased their price objective on Brookfield Renewable Partners from $39.00 to $43.00 and gave the stock a "sector perform" rating in a report on Monday, August 8th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $43.00.
Get Brookfield Renewable Partners alerts:Brookfield Renewable Partners Stock Performance
The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.93. The stock has a 50 day simple moving average of $37.58 and a two-hundred day simple moving average of $37.13. The stock has a market capitalization of $10.58 billion, a P/E ratio of -73.92 and a beta of 0.70.
Brookfield Renewable Partners (NYSE:BEP – Get Rating) (TSE:BEP) last issued its earnings results on Friday, August 5th. The utilities provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.12). Brookfield Renewable Partners had a return on equity of 0.15% and a net margin of 0.76%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $725.48 million. On average, equities analysts forecast that Brookfield Renewable Partners L.P. will post -0.26 EPS for the current fiscal year.Brookfield Renewable Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, August 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.33%. Brookfield Renewable Partners's dividend payout ratio is currently -246.15%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in BEP. Envestnet Asset Management Inc. boosted its stake in shares of Brookfield Renewable Partners by 37.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 8,894 shares of the utilities provider's stock worth $318,000 after acquiring an additional 2,442 shares during the period. Northern Trust Corp lifted its holdings in Brookfield Renewable Partners by 12.2% during the 4th quarter. Northern Trust Corp now owns 81,328 shares of the utilities provider's stock worth $2,911,000 after purchasing an additional 8,843 shares during the last quarter. Raymond James & Associates lifted its holdings in Brookfield Renewable Partners by 2.8% during the 4th quarter. Raymond James & Associates now owns 36,291 shares of the utilities provider's stock worth $1,302,000 after purchasing an additional 1,000 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Brookfield Renewable Partners by 293.1% during the 4th quarter. BNP Paribas Arbitrage SA now owns 18,027 shares of the utilities provider's stock worth $645,000 after purchasing an additional 13,441 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Brookfield Renewable Partners during the 4th quarter worth approximately $13,247,000. 57.87% of the stock is currently owned by institutional investors.
Brookfield Renewable Partners Company Profile
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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 hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources.
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