Brookfield Renewable Energy Partners LP (NYSE:BEP) has been assigned an average rating of “Hold” from the eleven research firms that are covering the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $36.40.

A number of analysts have weighed in on the company. BMO Capital Markets set a $35.00 price target on Brookfield Renewable Energy Partners and gave the stock a “buy” rating in a report on Friday, August 5th. Desjardins downgraded Brookfield Renewable Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Guggenheim upgraded Brookfield Renewable Energy Partners from a “neutral” rating to a “buy” rating in a report on Wednesday, July 20th. TD Securities reiterated a “buy” rating and set a $35.00 price target (up from $33.00) on shares of Brookfield Renewable Energy Partners in a report on Wednesday, August 10th. Finally, Zacks Investment Research downgraded Brookfield Renewable Energy Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th.

Several hedge funds have recently modified their holdings of the stock. DORCHESTER WEALTH MANAGEMENT Co increased its stake in shares of Brookfield Renewable Energy Partners by 0.5% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 18,793 shares of the company’s stock valued at $560,000 after buying an additional 100 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Brookfield Renewable Energy Partners by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 142,210 shares of the company’s stock valued at $4,236,000 after buying an additional 575 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Brookfield Renewable Energy Partners by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 89,832 shares of the company’s stock valued at $2,690,000 after buying an additional 1,340 shares in the last quarter. Raymond James & Associates increased its stake in shares of Brookfield Renewable Energy Partners by 25.0% in the second quarter. Raymond James & Associates now owns 10,762 shares of the company’s stock valued at $320,000 after buying an additional 2,149 shares in the last quarter. Finally, Springbok Capital Management LLC boosted its position in shares of Brookfield Renewable Energy Partners by 450.0% in the first quarter. Springbok Capital Management LLC now owns 4,400 shares of the company’s stock valued at $132,000 after buying an additional 3,600 shares during the last quarter. Institutional investors own 55.81% of the company’s stock.

Shares of Brookfield Renewable Energy Partners (NYSE:BEP) opened at 30.46 on Monday. Brookfield Renewable Energy Partners has a 12-month low of $20.36 and a 12-month high of $31.72. The company’s market cap is $9.03 billion. The company’s 50-day moving average price is $30.67 and its 200 day moving average price is $29.83.

Brookfield Renewable Energy Partners (NYSE:BEP) last announced its earnings results on Thursday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The company had revenue of $627 million for the quarter, compared to the consensus estimate of $718.66 million. Brookfield Renewable Energy Partners had a return on equity of 0.76% and a net margin of 3.79%. Equities analysts predict that Brookfield Renewable Energy Partners will post $0.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be paid a $0.445 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $1.78 annualized dividend and a dividend yield of 5.84%. Brookfield Renewable Energy Partners’s dividend payout ratio is presently -1,618.03%.

About Brookfield Renewable Energy Partners

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., owns and operates a portfolio of renewable power generating facilities in North America, Brazil, Colombia and Europe. The Company operates over three biomass facilities and Co-generation (Co-gen) facilities. The Company operates through three segments: Hydroelectric, Wind and Other, which includes Co-gen and Biomass.

5 Day Chart for NYSE:BEP

Receive News & Ratings for Brookfield Renewable Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Energy Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.