Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP)‘s stock had its “hold” rating reaffirmed by equities researchers at GMP Securities in a note issued to investors on Friday. They currently have a $34.50 price objective on the utilities provider’s stock. GMP Securities’ target price would suggest a potential downside of 0.98% from the stock’s current price.

A number of other analysts have also recently weighed in on BEP. BMO Capital Markets reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Brookfield Renewable Partners L.P. in a report on Friday. Zacks Investment Research cut shares of Brookfield Renewable Partners L.P. from a “buy” rating to a “hold” rating in a report on Thursday. National Bank Financial cut shares of Brookfield Renewable Partners L.P. from an “outperform” rating to a “sector perform” rating and set a $35.00 price objective on the stock. in a report on Tuesday, August 8th. Raymond James Financial, Inc. dropped their price objective on shares of Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating on the stock in a report on Thursday, August 17th. Finally, TD Securities increased their price objective on shares of Brookfield Renewable Partners L.P. from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Eleven research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Brookfield Renewable Partners L.P. currently has an average rating of “Hold” and an average target price of $38.39.

Shares of Brookfield Renewable Partners L.P. (NYSE:BEP) traded down 0.91% on Friday, hitting $34.84. 77,486 shares of the stock were exchanged. The firm’s 50 day moving average price is $34.17 and its 200 day moving average price is $32.86. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of 11613.33 and a beta of 0.23. Brookfield Renewable Partners L.P. has a one year low of $26.61 and a one year high of $36.00.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.05. Brookfield Renewable Partners L.P. had a net margin of 3.66% and a return on equity of 0.76%. The business had revenue of $683.00 million for the quarter, compared to analysts’ expectations of $721.75 million. Equities analysts anticipate that Brookfield Renewable Partners L.P. will post $0.07 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in Brookfield Renewable Partners L.P. during the 2nd quarter valued at about $109,000. Chicago Partners Investment Group LLC acquired a new position in Brookfield Renewable Partners L.P. during the 2nd quarter valued at about $259,000. Wells Fargo & Company MN increased its stake in Brookfield Renewable Partners L.P. by 242.2% during the 2nd quarter. Wells Fargo & Company MN now owns 8,972 shares of the utilities provider’s stock valued at $287,000 after buying an additional 6,350 shares during the period. Advisory Services Network LLC acquired a new position in Brookfield Renewable Partners L.P. during the 2nd quarter valued at about $305,000. Finally, Jane Street Group LLC acquired a new position in Brookfield Renewable Partners L.P. during the 1st quarter valued at about $454,000. 58.34% of the stock is currently owned by hedge funds and other institutional investors.

About Brookfield Renewable Partners L.P.

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.

Analyst Recommendations for Brookfield Renewable Partners L.P. (NYSE:BEP)

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