Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $38.44.

A number of equities analysts have issued reports on the stock. GMP Securities reissued a “hold” rating and set a $34.50 price target on shares of Brookfield Renewable Partners L.P. in a research report on Friday. BMO Capital Markets reissued a “hold” rating and set a $35.00 price target on shares of Brookfield Renewable Partners L.P. in a research report on Friday. Zacks Investment Research lowered shares of Brookfield Renewable Partners L.P. from a “buy” rating to a “hold” rating in a research report on Thursday. National Bank Financial raised their price objective on shares of Brookfield Renewable Partners L.P. from $35.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Raymond James Financial, Inc. dropped their price objective 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.

Shares of Brookfield Renewable Partners L.P. (BEP) traded down 0.91% during mid-day trading on Friday, reaching $34.84. 77,486 shares of the company traded hands. The firm has a 50-day moving average price of $34.17 and a 200 day moving average price of $32.86. The firm’s market capitalization is $5.82 billion. Brookfield Renewable Partners L.P. has a 52 week low of $26.61 and a 52 week high of $36.00.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping 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 company had revenue of $683.00 million during the quarter, compared to analyst estimates of $721.75 million. On average, analysts anticipate that Brookfield Renewable Partners L.P. will post $0.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.4675 per share. The ex-dividend date was Tuesday, August 29th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 5.37%. Brookfield Renewable Partners L.P.’s payout ratio is -1,869.81%.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC grew its stake in Brookfield Renewable Partners L.P. by 2.9% in the 1st quarter. FMR LLC now owns 1,185,800 shares of the utilities provider’s stock valued at $35,132,000 after acquiring an additional 33,000 shares during the period. Renaissance Technologies LLC grew its stake in Brookfield Renewable Partners L.P. by 353.8% in the 1st quarter. Renaissance Technologies LLC now owns 255,953 shares of the utilities provider’s stock valued at $7,598,000 after acquiring an additional 199,554 shares during the period. Jane Street Group LLC acquired a new stake in Brookfield Renewable Partners L.P. in the 1st quarter valued at $454,000. Hexavest Inc. grew its stake in Brookfield Renewable Partners L.P. by 1.1% in the 2nd quarter. Hexavest Inc. now owns 338,455 shares of the utilities provider’s stock valued at $10,776,000 after acquiring an additional 3,715 shares during the period. Finally, Karpas Strategies LLC grew its stake in Brookfield Renewable Partners L.P. by 2.4% in the 2nd quarter. Karpas Strategies LLC now owns 118,525 shares of the utilities provider’s stock valued at $3,786,000 after acquiring an additional 2,800 shares during the period. 58.34% of the stock is currently owned by institutional investors and hedge funds.

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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