Shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) have received an average recommendation of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $34.57.

A number of equities research analysts have weighed in on BEP shares. GMP Securities reaffirmed a “buy” rating and set a $32.00 price objective on shares of Brookfield Renewable Partners L.P. in a report on Friday, May 5th. TD Securities reaffirmed a “buy” rating and set a $45.00 price objective on shares of Brookfield Renewable Partners L.P. in a report on Thursday, May 4th. Zacks Investment Research raised Brookfield Renewable Partners L.P. from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, July 4th. TheStreet raised Brookfield Renewable Partners L.P. from a “d+” rating to a “c-” rating in a report on Tuesday, June 27th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $32.00 price objective (down from $33.00) on shares of Brookfield Renewable Partners L.P. in a report on Sunday, April 23rd.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Karpas Strategies LLC boosted its position in shares of Brookfield Renewable Partners L.P. by 0.8% in the first quarter. Karpas Strategies LLC now owns 115,725 shares of the utilities provider’s stock valued at $3,441,000 after buying an additional 900 shares in the last quarter. Bowen Hanes & Co. Inc. raised its stake in Brookfield Renewable Partners L.P. by 0.4% in the second quarter. Bowen Hanes & Co. Inc. now owns 268,495 shares of the utilities provider’s stock valued at $8,576,000 after buying an additional 1,000 shares in the last quarter. Greystone Investment Management LLC raised its stake in 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 buying an additional 3,000 shares in the last quarter. Hexavest Inc. raised its stake in 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 buying an additional 3,715 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in Brookfield Renewable Partners L.P. by 1.0% in the first quarter. Mackenzie Financial Corp now owns 568,787 shares of the utilities provider’s stock valued at $16,910,000 after buying an additional 5,492 shares in the last quarter. 54.24% of the stock is currently owned by hedge funds and other institutional investors.

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Brookfield Renewable Partners L.P. (NYSE BEP) traded down 3.37% on Tuesday, reaching $33.82. The company’s stock had a trading volume of 138,177 shares. The firm’s market capitalization is $10.03 billion. The stock’s 50 day moving average is $32.88 and its 200-day moving average is $30.87. Brookfield Renewable Partners L.P. has a 52 week low of $26.61 and a 52 week high of $34.38.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last released its earnings results on Friday, August 4th. The utilities provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The business had revenue of $683 million for the quarter, compared to the consensus estimate of $721.75 million. Brookfield Renewable Partners L.P. had a return on equity of 0.75% and a net margin of 2.82%. Analysts predict that Brookfield Renewable Partners L.P. will post $0.17 EPS for the current year.

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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