National Bank Financial Increases Brookfield Renewable Partners L.P. (NYSE:BEP) Price Target to $45.00

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) had its price objective boosted by research analysts at National Bank Financial from $35.00 to $45.00 in a report issued on Wednesday, October 18th. The firm presently has a “sector perform” rating on the utilities provider’s stock. National Bank Financial’s target price would suggest a potential upside of 31.46% from the company’s previous close.

Several other analysts also recently weighed in on BEP. Raymond James Financial, Inc. dropped their target price on shares of Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating on the stock in a research report on Thursday, August 17th. TD Securities boosted their target price on shares of Brookfield Renewable Partners L.P. from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Barclays PLC set a $36.00 target price on shares of Brookfield Renewable Partners L.P. and gave the stock a “hold” rating in a research report on Sunday, August 6th. Brookfield Renewable Partners LP dropped their price objective on shares of Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating on the stock in a report on Thursday, August 17th. Finally, UBS AG downgraded shares of Brookfield Renewable Partners L.P. from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Eleven research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Brookfield Renewable Partners L.P. currently has an average rating of “Hold” and an average price target of $38.39.



Brookfield Renewable Partners L.P. (NYSE:BEP) traded up 0.20% during midday trading on Wednesday, hitting $34.23. 51,876 shares of the company were exchanged. The stock has a 50 day moving average of $34.10 and a 200-day moving average of $33.02. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 11410.00 and a beta of 0.23. Brookfield Renewable Partners L.P. has a 1-year low of $26.61 and a 1-year high of $36.00.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The firm had revenue of $683.00 million during the quarter, compared to analyst estimates of $721.75 million. Brookfield Renewable Partners L.P. had a net margin of 3.66% and a return on equity of 0.76%. Equities analysts expect that Brookfield Renewable Partners L.P. will post $0.18 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Brookfield Renewable Partners L.P. by 6.3% in the second quarter. Principal Financial Group Inc. now owns 2,392,353 shares of the utilities provider’s stock valued at $76,412,000 after buying an additional 142,656 shares during the last quarter. Ecofin Ltd. purchased a new stake in shares of Brookfield Renewable Partners L.P. in the second quarter valued at about $4,312,000. AGF Investments America Inc. grew its holdings in shares of Brookfield Renewable Partners L.P. by 5.2% in the second quarter. AGF Investments America Inc. now owns 178,732 shares of the utilities provider’s stock valued at $5,702,000 after purchasing an additional 8,831 shares during the period. Hexavest Inc. grew its holdings in shares of Brookfield Renewable Partners L.P. by 1.1% in the second quarter. Hexavest Inc. now owns 338,455 shares of the utilities provider’s stock valued at $10,776,000 after purchasing an additional 3,715 shares during the period. Finally, Greystone Investment Management LLC grew its holdings in shares of Brookfield Renewable Partners L.P. by 7.9% in the second quarter. Greystone Investment Management LLC now owns 41,190 shares of the utilities provider’s stock valued at $1,314,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 58.30% of the company’s stock.

About Brookfield Renewable Partners L.P.

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.

Analyst Recommendations for Brookfield Renewable Partners L.P. (NYSE:BEP)

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