Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP)‘s stock had its “hold” rating restated by research analysts at GMP Securities in a report issued on Friday. They presently have a $34.50 price target on the utilities provider’s stock. GMP Securities’ price target indicates a potential downside of 0.98% from the stock’s previous close.

Several other research analysts have also weighed in on BEP. BMO Capital Markets restated a “hold” rating and set a $35.00 price objective on shares of Brookfield Renewable Partners L.P. in a research note on Friday. Zacks Investment Research lowered shares of Brookfield Renewable Partners L.P. from a “buy” rating to a “hold” rating in a research note on Thursday. National Bank Financial lowered shares of 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 note on Tuesday, August 8th. Raymond James Financial, Inc. decreased their price target on shares of Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating on the stock in a research note on Thursday, August 17th. Finally, TD Securities upped their price target on shares of Brookfield Renewable Partners L.P. from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Eleven analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Brookfield Renewable Partners L.P. has a consensus rating of “Hold” and an average price target of $38.39.

Shares of Brookfield Renewable Partners L.P. (NYSE BEP) traded down 0.91% during midday trading on Friday, hitting $34.84. The stock had a trading volume of 77,486 shares. The firm has a market capitalization of $10.34 billion, a PE ratio of 11613.33 and a beta of 0.23. The company’s 50 day moving average price is $34.17 and its 200-day moving average price is $32.86. Brookfield Renewable Partners L.P. has a 1-year low of $26.61 and a 1-year high of $36.00.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. The company had revenue of $683.00 million for the quarter, compared to analyst estimates of $721.75 million. Brookfield Renewable Partners L.P. had a net margin of 3.66% and a return on equity of 0.76%. Equities analysts predict that Brookfield Renewable Partners L.P. will post $0.07 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brookfield Asset Management Inc. boosted its holdings in Brookfield Renewable Partners L.P. by 9.7% in the 2nd quarter. Brookfield Asset Management Inc. now owns 56,068,944 shares of the utilities provider’s stock valued at $1,786,357,000 after purchasing an additional 4,943,000 shares during the period. Scotia Capital Inc. boosted its holdings in Brookfield Renewable Partners L.P. by 19.5% in the 2nd quarter. Scotia Capital Inc. now owns 2,527,595 shares of the utilities provider’s stock valued at $80,466,000 after purchasing an additional 412,554 shares during the period. Principal Financial Group Inc. boosted its holdings in Brookfield Renewable Partners L.P. by 6.3% in the 2nd quarter. Principal Financial Group Inc. now owns 2,392,353 shares of the utilities provider’s stock valued at $76,412,000 after purchasing an additional 142,656 shares during the period. FMR LLC boosted its holdings in Brookfield Renewable Partners L.P. by 5.1% in the 2nd quarter. FMR LLC now owns 1,245,800 shares of the utilities provider’s stock valued at $39,724,000 after purchasing an additional 60,000 shares during the period. Finally, First Manhattan Co. boosted its holdings in Brookfield Renewable Partners L.P. by 3.0% in the 2nd quarter. First Manhattan Co. now owns 564,697 shares of the utilities provider’s stock valued at $17,979,000 after purchasing an additional 16,522 shares during the period. 58.34% of the stock is owned by hedge funds and other institutional investors.

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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