Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) had its price target increased by equities researchers at TD Securities from $35.00 to $38.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the utilities provider’s stock. TD Securities’ price target points to a potential upside of 12.36% from the company’s previous close.

Several other analysts also recently commented on the stock. Barclays PLC set a $36.00 target price on shares of Brookfield Renewable Partners L.P. and gave the stock a “hold” rating in a research report on Sunday. Raymond James Financial, Inc. downgraded shares of Brookfield Renewable Partners L.P. to a “market perform” rating and set a $33.00 target price for the company. in a research report on Monday, July 17th. UBS AG downgraded shares of Brookfield Renewable Partners L.P. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Zacks Investment Research downgraded shares of Brookfield Renewable Partners L.P. from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $33.00 target price on shares of Brookfield Renewable Partners L.P. in a research report on Wednesday, July 12th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $34.75.

Shares of Brookfield Renewable Partners L.P. (BEP) traded down 3.37% on Tuesday, reaching $33.82. 138,177 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $32.88 and its 200-day moving average price is $30.87. Brookfield Renewable Partners L.P. has a 1-year low of $26.61 and a 1-year high of $34.38. The company’s market capitalization is $10.03 billion.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.05. Brookfield Renewable Partners L.P. had a net margin of 2.82% and a return on equity of 0.75%. The firm had revenue of $683 million for the quarter, compared to the consensus estimate of $721.75 million. Analysts anticipate that Brookfield Renewable Partners L.P. will post $0.17 EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Karpas Strategies LLC raised its stake in 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 during the last quarter. Bowen Hanes & Co. Inc. raised its stake in shares of 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 worth $8,576,000 after buying an additional 1,000 shares in the last quarter. Greystone Investment Management LLC raised its stake in shares of 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 worth $1,314,000 after buying an additional 3,000 shares in the last quarter. Hexavest Inc. raised its stake in shares of 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 worth $10,776,000 after buying an additional 3,715 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of 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 worth $16,910,000 after buying an additional 5,492 shares in the last quarter. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Partners L.P. 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 L.P. (NYSE:BEP)

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