Brookfield Renewable Partners (NYSE:BEP) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) in a report released on Thursday. The firm issued a sell rating on the utilities provider’s stock.

A number of other brokerages also recently weighed in on BEP. JPMorgan Chase & Co. increased their price target on Brookfield Renewable Partners from $28.00 to $30.00 and gave the stock a neutral rating in a report on Tuesday, July 16th. TD Securities increased their price target on Brookfield Renewable Partners from $32.00 to $34.00 and gave the stock a buy rating in a report on Wednesday, May 29th. CIBC increased their price target on Brookfield Renewable Partners from $30.00 to $32.00 and gave the stock an outperform rating in a report on Monday, May 6th. National Bankshares increased their price objective on shares of Brookfield Renewable Partners from $32.00 to $33.00 and gave the stock an outperform rating in a research report on Friday, July 19th. Finally, BMO Capital Markets increased their price objective on shares of Brookfield Renewable Partners from $28.00 to $30.00 and gave the stock an outperform rating in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $31.42.

Brookfield Renewable Partners Stock Performance

NYSE BEP opened at $24.27 on Thursday. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of -52.76 and a beta of 0.92. Brookfield Renewable Partners has a twelve month low of $19.92 and a twelve month high of $30.14. The stock has a fifty day simple moving average of $26.06 and a 200 day simple moving average of $24.62. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.88.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings results on Friday, May 3rd. The utilities provider reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.24). Brookfield Renewable Partners had a return on equity of 1.30% and a net margin of 7.10%. The business had revenue of $875.00 million for the quarter, compared to analyst estimates of $828.39 million. Sell-side analysts expect that Brookfield Renewable Partners will post -0.49 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were paid a $0.355 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.42 annualized dividend and a yield of 5.85%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -308.69%.

Institutional Investors Weigh In On Brookfield Renewable Partners

Large investors have recently modified their holdings of the stock. Baystate Wealth Management LLC purchased a new stake in shares of Brookfield Renewable Partners during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new stake in shares of Brookfield Renewable Partners during the 4th quarter worth approximately $30,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Brookfield Renewable Partners during the 1st quarter worth approximately $31,000. Evermay Wealth Management LLC purchased a new stake in shares of Brookfield Renewable Partners during the 1st quarter worth approximately $49,000. Finally, Clear Point Advisors Inc. purchased a new stake in shares of Brookfield Renewable Partners during the 1st quarter worth approximately $49,000. Hedge funds and other institutional investors own 63.16% of the company’s stock.

Brookfield Renewable Partners Company Profile

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.