Shares of Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) have received a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $33.64.
BEP has been the topic of a number of recent analyst reports. Wells Fargo & Co set a $34.00 price objective on Brookfield Renewable Partners and gave the company a “buy” rating in a research note on Wednesday, October 31st. TheStreet downgraded Brookfield Renewable Partners from a “c-” rating to a “d+” rating in a research note on Tuesday, October 30th. Zacks Investment Research downgraded Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Scotiabank reissued a “hold” rating and issued a $34.00 price objective on shares of Brookfield Renewable Partners in a research note on Friday, August 3rd. Finally, Deutsche Bank initiated coverage on Brookfield Renewable Partners in a research note on Friday, September 28th. They issued a “sell” rating and a $28.00 price objective on the stock.
Hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank raised its stake in Brookfield Renewable Partners by 3.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,495,021 shares of the utilities provider’s stock worth $75,593,000 after buying an additional 82,981 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in Brookfield Renewable Partners during the 2nd quarter worth approximately $295,000. NEXT Financial Group Inc acquired a new position in Brookfield Renewable Partners during the 3rd quarter worth approximately $166,000. M Holdings Securities Inc. acquired a new position in Brookfield Renewable Partners during the 2nd quarter worth approximately $2,344,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in Brookfield Renewable Partners during the 3rd quarter worth approximately $472,000. 55.18% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its quarterly earnings data on Wednesday, October 31st. The utilities provider reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.12). The business had revenue of $674.00 million during the quarter, compared to analyst estimates of $744.79 million. Brookfield Renewable Partners had a net margin of 1.89% and a return on equity of 0.41%.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, November 30th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date is Thursday, November 29th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is currently -1,088.89%.
About Brookfield Renewable Partners
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies.
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