Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) has earned an average rating of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $38.44.
A number of equities research analysts have recently issued reports on BEP shares. Zacks Investment Research raised shares of Brookfield Renewable Partners L.P. from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Thursday, October 5th. BMO Capital Markets restated a “hold” rating and set a $35.00 target price on shares of Brookfield Renewable Partners L.P. in a research note on Friday, October 20th. CIBC cut shares of Brookfield Renewable Partners L.P. from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, November 2nd. National Bank Financial lifted their target price on shares of Brookfield Renewable Partners L.P. from $35.00 to $45.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 18th. Finally, Royal Bank Of Canada lifted their target price on shares of Brookfield Renewable Partners L.P. from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 8th.
Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new position in Brookfield Renewable Partners L.P. in the 2nd quarter worth about $109,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Brookfield Renewable Partners L.P. during the third quarter valued at approximately $213,000. Chicago Partners Investment Group LLC bought a new position in shares of Brookfield Renewable Partners L.P. during the second quarter valued at approximately $259,000. Baldwin Investment Management LLC bought a new position in shares of Brookfield Renewable Partners L.P. during the third quarter valued at approximately $296,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Brookfield Renewable Partners L.P. by 242.2% during the second quarter. Wells Fargo & Company MN now owns 8,972 shares of the utilities provider’s stock valued at $287,000 after purchasing an additional 6,350 shares in the last quarter. Institutional investors and hedge funds own 57.71% of the company’s stock.
Shares of Brookfield Renewable Partners L.P. (BEP) traded up $0.02 during mid-day trading on Thursday, hitting $33.75. 57,638 shares of the stock were exchanged, compared to its average volume of 73,726. Brookfield Renewable Partners L.P. has a 12-month low of $28.13 and a 12-month high of $36.00. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.74.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be issued a dividend of $0.468 per share. This represents a $1.87 annualized dividend and a yield of 5.55%. This is an increase from Brookfield Renewable Partners L.P.’s previous quarterly dividend of $0.47. The ex-dividend date is Wednesday, November 29th. Brookfield Renewable Partners L.P.’s dividend payout ratio is presently -1,558.20%.
COPYRIGHT VIOLATION WARNING: “Brookfield Renewable Partners L.P. (BEP) Receives $38.44 Consensus Price Target from Brokerages” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/12/05/brookfield-renewable-partners-l-p-bep-receives-38-44-consensus-price-target-from-brokerages.html.
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.
Receive News & Ratings for Brookfield Renewable Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.