Brookfield Renewable Partners (BEP) to Release Earnings on Friday

Brookfield Renewable Partners (NYSE:BEPGet Rating) (TSE:BEP) is scheduled to be releasing its earnings data before the market opens on Friday, May 6th. Analysts expect Brookfield Renewable Partners to post earnings of ($0.02) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Brookfield Renewable Partners (NYSE:BEPGet Rating) (TSE:BEP) last announced its earnings results on Friday, February 4th. The utilities provider reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.07). Brookfield Renewable Partners had a negative return on equity of 1.14% and a negative net margin of 5.84%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted ($0.22) EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, analysts expect Brookfield Renewable Partners to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of BEP opened at $35.73 on Friday. Brookfield Renewable Partners has a 12 month low of $30.93 and a 12 month high of $41.95. The firm has a fifty day simple moving average of $38.40 and a 200 day simple moving average of $36.58. The stock has a market capitalization of $9.83 billion, a price-to-earnings ratio of -51.04 and a beta of 0.65. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.85.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, February 28th were issued a dividend of $0.32 per share. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 25th. This represents a $1.28 annualized dividend and a yield of 3.58%. Brookfield Renewable Partners’s dividend payout ratio is presently -182.86%.

Several analysts have issued reports on BEP shares. Zacks Investment Research lowered shares of Brookfield Renewable Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, April 18th. JPMorgan Chase & Co. dropped their price target on shares of Brookfield Renewable Partners from $46.00 to $39.00 in a research report on Thursday, January 20th. Raymond James reaffirmed an “outperform” rating and set a $42.00 price target on shares of Brookfield Renewable Partners in a research report on Monday, February 7th. CIBC raised shares of Brookfield Renewable Partners from a “neutral” rating to a “sector outperform” rating and dropped their price target for the stock from $42.00 to $40.00 in a research report on Tuesday, January 11th. Finally, Wells Fargo & Company dropped their price objective on shares of Brookfield Renewable Partners from $46.00 to $40.00 in a research report on Thursday, February 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Brookfield Renewable Partners has a consensus rating of “Buy” and an average price target of $42.53.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BEP. Morgan Stanley lifted its stake in Brookfield Renewable Partners by 44.1% during the second quarter. Morgan Stanley now owns 583,684 shares of the utilities provider’s stock worth $22,513,000 after purchasing an additional 178,751 shares during the last quarter. UBS Group AG increased its holdings in shares of Brookfield Renewable Partners by 10.6% during the third quarter. UBS Group AG now owns 75,245 shares of the utilities provider’s stock worth $2,777,000 after buying an additional 7,236 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Brookfield Renewable Partners by 0.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,180,760 shares of the utilities provider’s stock worth $42,259,000 after buying an additional 6,547 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Brookfield Renewable Partners during the fourth quarter worth $228,000. Finally, Credit Suisse AG increased its holdings in shares of Brookfield Renewable Partners by 13.2% during the fourth quarter. Credit Suisse AG now owns 18,810 shares of the utilities provider’s stock worth $673,000 after buying an additional 2,193 shares in the last quarter. Hedge funds and other institutional investors own 55.44% of the company’s stock.

About Brookfield Renewable Partners (Get Rating)

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources.

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Earnings History for Brookfield Renewable Partners (NYSE:BEP)

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