Brokerages forecast that Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) will report sales of $638.75 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Brookfield Renewable Partners L.P.’s earnings, with the highest sales estimate coming in at $656.00 million and the lowest estimate coming in at $621.50 million. Brookfield Renewable Partners L.P. reported sales of $580.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.1%. The company is expected to announce its next earnings results on Thursday, November 2nd.

On average, analysts expect that Brookfield Renewable Partners L.P. will report full year sales of $638.75 million for the current fiscal year, with estimates ranging from $2.73 billion to $3.06 billion. For the next year, analysts expect that the business will post sales of $2.98 billion per share, with estimates ranging from $2.83 billion to $3.15 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Brookfield Renewable Partners L.P..

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Brookfield Renewable Partners L.P. had a net margin of 3.66% and a return on equity of 0.76%. The firm had revenue of $683.00 million during the quarter, compared to the consensus estimate of $721.75 million.

A number of research analysts recently issued reports on the stock. Raymond James Financial, Inc. decreased their target price on shares of Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating for the company in a research report on Thursday, August 17th. National Bank Financial downgraded Brookfield Renewable Partners L.P. from an “outperform” rating to a “sector perform” rating and set a $35.00 price target on the stock. in a research report on Tuesday, August 8th. TD Securities increased their price target on Brookfield Renewable Partners L.P. from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Barclays PLC set a $36.00 price target on Brookfield Renewable Partners L.P. and gave the stock a “hold” rating in a research report on Sunday, August 6th. Finally, Brookfield Renewable Partners LP reduced their price objective on Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating for the company in a research note on Thursday, August 17th. Ten investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $36.56.

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Brookfield Renewable Partners L.P. (NYSE:BEP) traded up 0.03% during midday trading on Wednesday, hitting $33.60. The stock had a trading volume of 45,729 shares. Brookfield Renewable Partners L.P. has a 52-week low of $26.61 and a 52-week high of $36.00. The firm has a market capitalization of $9.97 billion, a P/E ratio of 11200.00 and a beta of 0.23. The firm has a 50-day moving average of $34.32 and a 200 day moving average of $32.42.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Thursday, August 31st were given a $0.4675 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 5.57%. Brookfield Renewable Partners L.P.’s dividend payout ratio (DPR) is currently -1,869.81%.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in shares of Brookfield Renewable Partners L.P. in the 2nd quarter valued at about $109,000. Chicago Partners Investment Group LLC acquired a new position in Brookfield Renewable Partners L.P. in the 2nd quarter worth about $259,000. Wells Fargo & Company MN raised its holdings in Brookfield Renewable Partners L.P. by 242.2% in the 2nd quarter. Wells Fargo & Company MN now owns 8,972 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 6,350 shares during the period. Advisory Services Network LLC acquired a new position in Brookfield Renewable Partners L.P. in the 2nd quarter worth about $305,000. Finally, Jane Street Group LLC acquired a new position in Brookfield Renewable Partners L.P. in the 1st quarter worth about $454,000. Hedge funds and other institutional investors own 58.34% of the company’s stock.

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.

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