Recent Investment Analysts’ Ratings Changes for Brookfield Renewable Partners (BEP)

A number of firms have modified their ratings and price targets on shares of Brookfield Renewable Partners (NYSE: BEP) recently:

  • 12/18/2024 – Brookfield Renewable Partners had its price target lowered by analysts at National Bankshares, Inc. from $33.00 to $32.00. They now have an “outperform” rating on the stock.
  • 12/18/2024 – Brookfield Renewable Partners was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 12/12/2024 – Brookfield Renewable Partners was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $30.00 price target on the stock.
  • 12/9/2024 – Brookfield Renewable Partners was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Brookfield Renewable Partners Stock Up 1.1 %

BEP stock traded up $0.25 during trading on Wednesday, hitting $23.34. 285,861 shares of the stock traded hands, compared to its average volume of 486,512. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of -28.46 and a beta of 0.93. Brookfield Renewable Partners L.P. has a 1 year low of $19.92 and a 1 year high of $29.56. The firm’s 50 day moving average is $25.52 and its two-hundred day moving average is $25.42.

Brookfield Renewable Partners (NYSE:BEPGet Free Report) (TSE:BEP) last posted its quarterly earnings results on Friday, November 8th. The utilities provider reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.28). Brookfield Renewable Partners had a return on equity of 0.24% and a net margin of 1.16%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $843.18 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. On average, sell-side analysts anticipate that Brookfield Renewable Partners L.P. will post -0.88 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.355 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.08%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is currently -173.17%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BEP. Principal Financial Group Inc. increased its holdings in Brookfield Renewable Partners by 4.5% during the third quarter. Principal Financial Group Inc. now owns 7,605,679 shares of the utilities provider’s stock valued at $214,328,000 after buying an additional 330,648 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Brookfield Renewable Partners in the 3rd quarter worth $28,000. Barclays PLC increased its stake in shares of Brookfield Renewable Partners by 40.6% in the 3rd quarter. Barclays PLC now owns 7,047 shares of the utilities provider’s stock worth $199,000 after purchasing an additional 2,036 shares in the last quarter. Toronto Dominion Bank raised its holdings in Brookfield Renewable Partners by 11.1% in the 3rd quarter. Toronto Dominion Bank now owns 1,735,462 shares of the utilities provider’s stock worth $48,905,000 after purchasing an additional 173,882 shares during the period. Finally, National Bank of Canada FI lifted its position in Brookfield Renewable Partners by 2.6% during the third quarter. National Bank of Canada FI now owns 1,040,674 shares of the utilities provider’s stock valued at $29,326,000 after purchasing an additional 25,916 shares in the last quarter. Institutional investors own 63.16% of the company’s stock.

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.

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