Brookfield Renewable Partners (BEP) Stock Price, News & Analysis

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brookfield Renewable Partners in the last twelve months. There are currently 3 hold ratings, 4 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BEP shares.
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9 analysts have issued 1-year price targets for Brookfield Renewable Partners' stock. Their BEP share price targets range from $25.00 to $39.00. On average, they predict the company's stock price to reach $30.60 in the next twelve months. This suggests a possible upside of 51.1% from the stock's current price.
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Brookfield Renewable Partners' stock was trading at $26.28 at the beginning of the year. Since then, BEP shares have decreased by 23.0% and is now trading at $20.2450.
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Brookfield Renewable Partners saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 3,140,000 shares, an increase of 34.2% from the February 29th total of 2,340,000 shares. Based on an average trading volume of 458,300 shares, the days-to-cover ratio is currently 6.9 days. Approximately 1.1% of the shares of the stock are sold short.
View Brookfield Renewable Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
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Brookfield Renewable Partners will be holding an earnings conference call on Friday, May 3rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Brookfield Renewable Partners L.P. (NYSE:BEP) announced its earnings results on Friday, February, 2nd. The utilities provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. The utilities provider earned $1.32 billion during the quarter, compared to analysts' expectations of $1.08 billion. Brookfield Renewable Partners had a net margin of 12.23% and a trailing twelve-month return on equity of 2.23%. The company's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.16) earnings per share.

Brookfield Renewable Partners declared a quarterly dividend on Friday, February 2nd. Stockholders of record on Thursday, February 29th will be given a dividend of $0.355 per share on Thursday, March 28th. This represents a $1.42 annualized dividend and a yield of 7.01%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for BEP.

Brookfield Renewable Partners (NYSE:BEP) pays an annual dividend of $1.35 per share and currently has a dividend yield of 6.42%. BEP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for BEP.

Shares of Brookfield Renewable Partners split on the morning of Monday, December 14th 2020. The 3-2 split was announced on Wednesday, November 4th 2020. The newly created shares were distributed to shareholders after the closing bell on Friday, December 11th 2020. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

57 employees have rated Brookfield Renewable Partners Chief Executive Officer Sachin Shah on Glassdoor.com. Sachin Shah has an approval rating of 57% among the company's employees. This puts Sachin Shah in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Brookfield Renewable Partners investors own include AT&T (T), AbbVie (ABBV), Brookfield Infrastructure Partners (BIP), Enterprise Products Partners (EPD), Pfizer (PFE), Verizon Communications (VZ), Energy Transfer (ET), Intel (INTC), Johnson & Johnson (JNJ) and Cisco Systems (CSCO).

Brookfield Renewable Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Epiq Partners LLC (0.03%), Ervin Investment Management LLC (0.02%) and Evanson Asset Management LLC (0.01%).

Shares of BEP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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