Wall Street analysts expect Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) to post sales of $720.05 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Brookfield Renewable Partners’ earnings, with the lowest sales estimate coming in at $713.10 million and the highest estimate coming in at $727.00 million. Brookfield Renewable Partners reported sales of $571.00 million during the same quarter last year, which indicates a positive year over year growth rate of 26.1%. The firm is scheduled to announce its next earnings results on Wednesday, March 7th.

On average, analysts expect that Brookfield Renewable Partners will report full year sales of $720.05 million for the current year, with estimates ranging from $2.64 billion to $3.06 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.93 billion per share, with estimates ranging from $2.73 billion to $3.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Brookfield Renewable Partners.

BEP has been the topic of several research analyst reports. Zacks Investment Research upgraded Brookfield Renewable Partners from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Thursday, October 5th. GMP Securities restated a “hold” rating and issued a $34.50 price objective on shares of Brookfield Renewable Partners in a research report on Friday, October 20th. BMO Capital Markets restated a “hold” rating and issued a $35.00 price objective on shares of Brookfield Renewable Partners in a research report on Friday, October 20th. CIBC downgraded Brookfield Renewable Partners from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, November 2nd. Finally, National Bank Financial boosted their price objective on Brookfield Renewable Partners from $35.00 to $45.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 18th. Twelve equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Brookfield Renewable Partners has a consensus rating of “Hold” and a consensus price target of $38.39.

A number of hedge funds and other institutional investors have recently modified their holdings of BEP. Brookfield Asset Management Inc. increased its stake in Brookfield Renewable Partners by 9.7% during the second quarter. Brookfield Asset Management Inc. now owns 56,068,944 shares of the utilities provider’s stock worth $1,786,357,000 after acquiring an additional 4,943,000 shares during the last quarter. Scotia Capital Inc. increased its stake in Brookfield Renewable Partners by 19.5% during the second quarter. Scotia Capital Inc. now owns 2,527,595 shares of the utilities provider’s stock worth $80,466,000 after acquiring an additional 412,554 shares during the last quarter. Ecofin Ltd. bought a new stake in Brookfield Renewable Partners during the second quarter worth approximately $4,312,000. Advisors Capital Management LLC bought a new stake in Brookfield Renewable Partners during the third quarter worth approximately $3,890,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Brookfield Renewable Partners during the second quarter worth approximately $3,057,000. 58.37% of the stock is currently owned by institutional investors.

Shares of Brookfield Renewable Partners (NYSE:BEP) traded down $0.19 during trading on Thursday, hitting $34.73. The stock had a trading volume of 75,200 shares, compared to its average volume of 70,950. Brookfield Renewable Partners has a fifty-two week low of $28.13 and a fifty-two week high of $36.00. The stock has a market capitalization of $6,260.00, a P/E ratio of -289.42 and a beta of 0.21. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.74.

Brookfield Renewable Partners announced that its Board of Directors has authorized a stock buyback program on Friday, December 22nd that authorizes the company to buyback 9,000,000 outstanding shares. This buyback authorization authorizes the utilities provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were given a $0.468 dividend. This is an increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. This represents a $1.87 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date was Wednesday, November 29th. Brookfield Renewable Partners’s payout ratio is currently -1,558.33%.

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About Brookfield Renewable Partners

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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