Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) had its price target decreased by investment analysts at National Bank Financial from $36.00 to $35.00 in a research report issued on Wednesday. The firm currently has a “sector perform” rating on the utilities provider’s stock. National Bank Financial’s target price would indicate a potential upside of 8.97% from the company’s current price.
A number of other analysts also recently issued reports on the stock. Credit Suisse Group raised shares of Brookfield Renewable Partners from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 6th. Guggenheim set a $36.00 price objective on shares of Brookfield Renewable Partners and gave the stock a “buy” rating in a report on Thursday, January 18th. Zacks Investment Research downgraded shares of Brookfield Renewable Partners from a “hold” rating to a “strong sell” rating in a report on Thursday, January 11th. CIBC downgraded shares of Brookfield Renewable Partners from a “sector outperform” rating to a “neutral” rating in a report on Thursday, November 2nd. Finally, GMP Securities reaffirmed a “hold” rating and set a $34.50 price objective on shares of Brookfield Renewable Partners in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $37.15.
Brookfield Renewable Partners (NYSE BEP) traded up $0.10 on Wednesday, hitting $32.12. 159,510 shares of the stock were exchanged, compared to its average volume of 103,154. Brookfield Renewable Partners has a 12-month low of $28.13 and a 12-month high of $36.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $5,790.00, a price-to-earnings ratio of -267.67 and a beta of 0.14.
Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in Brookfield Renewable Partners in the second quarter worth $109,000. Hemenway Trust Co LLC bought a new stake in Brookfield Renewable Partners in the fourth quarter worth $202,000. Cambridge Investment Research Advisors Inc. bought a new stake in Brookfield Renewable Partners in the third quarter worth $213,000. Columbia Asset Management bought a new stake in Brookfield Renewable Partners in the fourth quarter worth $270,000. Finally, Baldwin Investment Management LLC bought a new stake in Brookfield Renewable Partners in the third quarter worth $296,000. 54.19% of the stock is owned by institutional investors and hedge funds.
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Brookfield Renewable Partners 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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