2 weeks Ago By ABMN Staff
UBS Group upgraded shares of Brookfield Renewable Partners ( NYSE:BEP – Free Report ) (TSE:BEP) from a neutral rating to a buy rating in a report published on Monday morning, MarketBeat reports. UBS Group currently has $31.00 price objective on the utilities provider’s stock, up from their previous price objective of $24.
00. Other equities analysts have also issued reports about the company. JPMorgan Chase & Co.
lifted their price objective on Brookfield Renewable Partners from $30.00 to $31.00 and gave the stock a neutral rating in a research note on Wednesday, September 25th.
Royal Bank of Canada reaffirmed an outperform rating and set a $31.00 target price on shares of Brookfield Renewable Partners in a research report on Monday, August 5th. StockNews.
com downgraded Brookfield Renewable Partners from a hold rating to a sell rating in a report on Friday, August 2nd. National Bankshares upped their price objective on Brookfield Renewable Partners from $32.00 to $33.
00 and gave the company an outperform rating in a research note on Friday, July 19th. Finally, Scotiabank upped their price objective on Brookfield Renewable Partners from $31.00 to $32.
00 and gave the company a sector outperform rating in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.
com, the stock presently has an average rating of Moderate Buy and a consensus target price of $32.50. Read Our Latest Analysis on BEP Brookfield Renewable Partners Stock Down 0.
5 % Brookfield Renewable Partners ( NYSE:BEP – Get Free Report ) (TSE:BEP) last released its earnings results on Friday, August 2nd. The utilities provider reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
13 by ($0.41). The business had revenue of $1.
48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Brookfield Renewable Partners had a net margin of 2.
37% and a return on equity of 0.46%. The business’s revenue was up 23.
0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.10) EPS.
On average, equities analysts expect that Brookfield Renewable Partners will post -0.57 EPS for the current year. Brookfield Renewable Partners Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, September 27th.
Shareholders of record on Friday, August 30th were issued a dividend of $0.355 per share. This represents a $1.
42 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend was Friday, August 30th.
Brookfield Renewable Partners’s dividend payout ratio is presently -308.70%. Hedge Funds Weigh In On Brookfield Renewable Partners Several large investors have recently made changes to their positions in the business.
Scarborough Advisors LLC purchased a new stake in Brookfield Renewable Partners during the fourth quarter valued at approximately $30,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Brookfield Renewable Partners during the first quarter valued at approximately $31,000.
Evermay Wealth Management LLC bought a new position in shares of Brookfield Renewable Partners during the first quarter valued at approximately $49,000. Clear Point Advisors Inc. bought a new position in shares of Brookfield Renewable Partners during the first quarter valued at approximately $49,000.
Finally, PNC Financial Services Group Inc. grew its stake in shares of Brookfield Renewable Partners by 17.9% during the fourth quarter.
PNC Financial Services Group Inc. now owns 5,926 shares of the utilities provider’s stock valued at $156,000 after buying an additional 900 shares during the last quarter. 63.
16% of the stock is currently owned by hedge funds and other institutional investors. Brookfield Renewable Partners Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for Brookfield Renewable Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Partners and related companies with MarketBeat.
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