Analysts Set Brookfield Renewable Partners L.P. (NYSE:BEP) Price Target at $30.18

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) has been assigned a consensus recommendation of “Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $30.18.

Several research firms have recently weighed in on BEP. Scotiabank upped their price target on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. National Bankshares cut their price objective on Brookfield Renewable Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. StockNews.com lowered shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. CIBC decreased their price target on shares of Brookfield Renewable Partners from $32.00 to $31.00 and set an “outperformer” rating on the stock in a report on Monday, February 3rd. Finally, Barclays assumed coverage on shares of Brookfield Renewable Partners in a report on Wednesday, April 2nd. They set an “equal weight” rating and a $27.00 price objective for the company.

Brookfield Renewable Partners Stock Down 0.1 %

Shares of NYSE BEP opened at $21.54 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.25 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.12 billion, a P/E ratio of -24.20 and a beta of 0.99. Brookfield Renewable Partners has a 52 week low of $19.29 and a 52 week high of $29.56. The business has a 50-day simple moving average of $22.33 and a two-hundred day simple moving average of $23.54.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings data on Friday, January 31st. The utilities provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.16. Brookfield Renewable Partners had a negative net margin of 0.15% and a negative return on equity of 0.03%. During the same quarter in the previous year, the company earned $0.01 earnings per share. Research analysts anticipate that Brookfield Renewable Partners will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.373 dividend. This is an increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -167.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Brookfield Renewable Partners during the 3rd quarter valued at about $28,000. Promus Capital LLC bought a new stake in Brookfield Renewable Partners during the fourth quarter valued at approximately $37,000. NBC Securities Inc. purchased a new stake in Brookfield Renewable Partners during the first quarter valued at approximately $42,000. Jones Financial Companies Lllp raised its position in Brookfield Renewable Partners by 26.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider’s stock worth $59,000 after acquiring an additional 537 shares during the period. Finally, Allworth Financial LP bought a new stake in shares of Brookfield Renewable Partners during the 4th quarter valued at $68,000. Institutional investors own 63.16% of the company’s stock.

About Brookfield Renewable Partners

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.