Brookfield Renewable Partners LP (BEP) Receives $36.60 Consensus Price Target from Brokerages

Shares of Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) have received a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $36.00.

Several research firms have recently issued reports on BEP. TheStreet upgraded shares of Brookfield Renewable Partners from a “d+” rating to a “c-” rating in a report on Tuesday, June 27th. UBS Group AG lowered shares of Brookfield Renewable Partners from an “outperform” rating to a “market perform” rating in a report on Monday. BMO Capital Markets lowered shares of Brookfield Renewable Partners from an “outperform” rating to a “market perform” rating and set a $33.00 target price for the company. in a report on Wednesday, May 24th. They noted that the move was a valuation call. Wells Fargo & Company began coverage on shares of Brookfield Renewable Partners in a report on Tuesday, May 9th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research upgraded shares of Brookfield Renewable Partners from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Tuesday, July 4th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hexavest Inc. increased its position in Brookfield Renewable Partners by 1.1% in the second quarter. Hexavest Inc. now owns 338,455 shares of the utilities provider’s stock worth $10,776,000 after buying an additional 3,715 shares during the period. Jane Street Group LLC acquired a new position in Brookfield Renewable Partners during the first quarter worth approximately $454,000. Renaissance Technologies LLC increased its position in Brookfield Renewable Partners by 353.8% in the first quarter. Renaissance Technologies LLC now owns 255,953 shares of the utilities provider’s stock worth $7,598,000 after buying an additional 199,554 shares during the period. Mackenzie Financial Corp increased its position in Brookfield Renewable Partners by 1.0% in the first quarter. Mackenzie Financial Corp now owns 568,787 shares of the utilities provider’s stock worth $16,910,000 after buying an additional 5,492 shares during the period. Finally, Global X Management Co. LLC increased its position in Brookfield Renewable Partners by 1,008.4% in the first quarter. Global X Management Co. LLC now owns 287,740 shares of the utilities provider’s stock worth $8,555,000 after buying an additional 261,780 shares during the period. 54.36% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Partners (NYSE:BEP) opened at 32.96 on Monday. The stock’s market cap is $9.78 billion. Brookfield Renewable Partners has a 12 month low of $26.61 and a 12 month high of $34.02. The company has a 50-day moving average of $32.18 and a 200-day moving average of $30.25.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Brookfield Renewable Partners had a negative net margin of 1.34% and a negative return on equity of 0.10%. The business had revenue of $677 million for the quarter, compared to the consensus estimate of $699.25 million. On average, equities analysts forecast that Brookfield Renewable Partners will post $0.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st were given a dividend of $0.4675 per share. This represents a $1.87 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend was Friday, May 26th.

COPYRIGHT VIOLATION NOTICE: “Brookfield Renewable Partners LP (BEP) Receives $36.60 Consensus Price Target from Brokerages” was originally posted by BBNS and is the property of of BBNS. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://baseballnewssource.com/markets/brookfield-renewable-partners-l-p-bep-receives-36-60-average-target-price-from-analysts-updated-updated-updated/1073034.html.

Brookfield Renewable Partners Company Profile

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 (NYSE:BEP)

Receive News & Ratings for Brookfield Renewable Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Partners LP and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana
Mike Trout Returns from Injury With Single and Stole Base
Mike Trout Returns from Injury With Single and Stole Base
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana
Players Know They Could Go From All-Star Game to Trade Block
Players Know They Could Go From All-Star Game to Trade Block


Leave a Reply

 
© 2006-2017 BBNS.