National Bankshares Issues Positive Forecast for Brookfield Renewable Partners (NYSE:BEP) Stock Price

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) had its price target hoisted by National Bankshares from $33.00 to $34.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the utilities provider’s stock.

BEP has been the subject of a number of other reports. UBS Group reissued a “buy” rating and set a $39.00 price objective (up from $38.00) on shares of Brookfield Renewable Partners in a research note on Friday, December 5th. Mizuho set a $33.00 target price on Brookfield Renewable Partners in a report on Friday, November 7th. BMO Capital Markets set a $36.00 price target on Brookfield Renewable Partners and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Desjardins upgraded Brookfield Renewable Partners to a “hold” rating in a research report on Wednesday, November 26th. Finally, Royal Bank Of Canada lifted their price objective on Brookfield Renewable Partners from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.86.

Brookfield Renewable Partners Trading Down 1.7%

NYSE:BEP opened at $27.54 on Wednesday. Brookfield Renewable Partners has a 52-week low of $19.29 and a 52-week high of $32.72. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.91. The stock has a fifty day simple moving average of $28.44 and a 200-day simple moving average of $27.05. The company has a market capitalization of $8.42 billion, a PE ratio of -32.02 and a beta of 1.12.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last posted its earnings results on Wednesday, November 5th. The utilities provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.22. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. Brookfield Renewable Partners had a net margin of 3.52% and a return on equity of 0.66%. On average, equities research analysts expect that Brookfield Renewable Partners will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, November 28th were given a dividend of $0.373 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.49 annualized dividend and a yield of 5.4%. Brookfield Renewable Partners’s dividend payout ratio is -173.26%.

Institutional Trading of Brookfield Renewable Partners

Institutional investors and hedge funds have recently made changes to their positions in the company. S&CO Inc. purchased a new position in Brookfield Renewable Partners in the second quarter valued at approximately $255,000. Liontrust Investment Partners LLP purchased a new stake in Brookfield Renewable Partners during the second quarter worth approximately $24,180,000. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Brookfield Renewable Partners in the second quarter worth $5,552,000. Blair William & Co. IL purchased a new position in shares of Brookfield Renewable Partners in the 2nd quarter valued at $476,000. Finally, Gunderson Capital Management Inc. purchased a new position in shares of Brookfield Renewable Partners in the 2nd quarter valued at $1,464,000. 63.16% of the stock is currently owned by institutional investors and hedge funds.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy.

The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.