Brookfield Renewable Partners LP (BEP) Forecasted to Post Q1 2017 Earnings of ($0.06) Per Share
Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) – Equities researchers at National Bank Financial issued their Q1 2017 earnings estimates for shares of Brookfield Renewable Partners in a research note issued on Monday. National Bank Financial analyst R. Merer anticipates that the utilities provider will earn ($0.06) per share for the quarter. National Bank Financial also issued estimates for Brookfield Renewable Partners’ Q3 2017 earnings at ($0.17) EPS, Q4 2017 earnings at ($0.11) EPS and FY2017 earnings at ($0.24) EPS.
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Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Brookfield Renewable Partners from a “hold” rating to a “strong sell” rating in a research note on Monday, January 30th. Barclays PLC reiterated a “hold” rating and set a $33.00 target price on shares of Brookfield Renewable Partners in a research note on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Brookfield Renewable Partners currently has a consensus rating of “Hold” and an average target price of $36.00.
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Shares of Brookfield Renewable Partners (NYSE:BEP) opened at 30.78 on Thursday. Brookfield Renewable Partners has a 52 week low of $26.61 and a 52 week high of $31.85. The company has a 50 day moving average price of $29.43 and a 200 day moving average price of $29.49. The company’s market cap is $9.13 billion.
The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Tuesday, February 28th were issued a dividend of $0.4675 per share. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.45. This represents a $1.87 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend was Friday, February 24th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -1,112.50%.
A number of hedge funds have recently added to or reduced their stakes in BEP. Bank of Montreal Can boosted its stake in Brookfield Renewable Partners by 11.4% in the first quarter. Bank of Montreal Can now owns 4,496,989 shares of the utilities provider’s stock valued at $133,696,000 after buying an additional 459,698 shares during the last quarter. Catawba Capital Management VA purchased a new stake in Brookfield Renewable Partners during the first quarter valued at $402,000. WFG Advisors LP boosted its stake in Brookfield Renewable Partners by 22,006.5% in the fourth quarter. WFG Advisors LP now owns 47,750 shares of the utilities provider’s stock valued at $265,000 after buying an additional 47,534 shares during the last quarter. Eventide Asset Management LLC boosted its stake in Brookfield Renewable Partners by 35.7% in the fourth quarter. Eventide Asset Management LLC now owns 47,500 shares of the utilities provider’s stock valued at $1,411,000 after buying an additional 12,500 shares during the last quarter. Finally, Scotia Capital Inc. boosted its stake in Brookfield Renewable Partners by 23.3% in the fourth quarter. Scotia Capital Inc. now owns 2,198,295 shares of the utilities provider’s stock valued at $65,244,000 after buying an additional 414,983 shares during the last quarter. 55.92% of the stock is owned by institutional investors and hedge funds.
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.
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