National Bankshares Increases Brookfield Renewable Partners (NYSE:BEP) Price Target to $30.00

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) had its price objective increased by investment analysts at National Bankshares from $28.00 to $30.00 in a research report issued on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the utilities provider’s stock. National Bankshares’ target price suggests a potential upside of 13.85% from the company’s previous close.

Several other research firms have also recently weighed in on BEP. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $28.00 price target (down from $36.00) on shares of Brookfield Renewable Partners in a report on Monday, February 12th. BMO Capital Markets lifted their price target on Brookfield Renewable Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday. CIBC upped their price objective on Brookfield Renewable Partners from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Monday. Raymond James dropped their target price on Brookfield Renewable Partners from $33.00 to $32.00 and set a “strong-buy” rating for the company in a report on Thursday, April 25th. Finally, StockNews.com downgraded shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Brookfield Renewable Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

Brookfield Renewable Partners Price Performance

Shares of BEP opened at $26.35 on Monday. The company’s 50-day moving average is $22.58 and its 200-day moving average is $24.01. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $7.54 billion, a PE ratio of -57.28 and a beta of 0.83. Brookfield Renewable Partners has a fifty-two week low of $19.92 and a fifty-two week high of $32.76.

Institutional Investors Weigh In On Brookfield Renewable Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baystate Wealth Management LLC bought a new position in Brookfield Renewable Partners in the fourth quarter valued at about $26,000. Scarborough Advisors LLC bought a new position in shares of Brookfield Renewable Partners during the 4th quarter worth approximately $30,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Brookfield Renewable Partners during the 1st quarter worth about $31,000. Northwest Financial Advisors bought a new stake in shares of Brookfield Renewable Partners during the fourth quarter valued at approximately $65,000. Finally, Principal Securities Inc. acquired a new position in shares of Brookfield Renewable Partners during the fourth quarter valued at about $77,000. 63.16% of the stock is currently owned by institutional investors.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.