Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP)‘s stock had its “sector perform” rating reaffirmed by Brookfield Renewable Partners LP in a research note issued to investors on Tuesday, StockTargetPrices.com reports. They presently have a $44.50 target price on the utilities provider’s stock. Brookfield Renewable Partners LP’s target price points to a potential upside of 33.11% from the company’s previous close.

A number of other brokerages have also weighed in on BEP. TheStreet raised Brookfield Renewable Partners L.P. from a “d+” rating to a “c-” rating in a research report on Tuesday, June 27th. Barclays PLC set a $36.00 target price on Brookfield Renewable Partners L.P. and gave the stock a “hold” rating in a research report on Sunday, August 6th. Royal Bank Of Canada boosted their target price on Brookfield Renewable Partners L.P. from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 8th. UBS AG lowered Brookfield Renewable Partners L.P. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Finally, BMO Capital Markets lowered Brookfield Renewable Partners L.P. from an “outperform” rating to a “market perform” rating and set a $33.00 target price for the company. in a research report on Wednesday, May 24th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $35.83.

Brookfield Renewable Partners L.P. (NYSE BEP) traded up 0.8208% during trading on Tuesday, reaching $33.7044. 45,943 shares of the company traded hands. Brookfield Renewable Partners L.P. has a 52 week low of $26.61 and a 52 week high of $35.00. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 11234.7998 and a beta of 0.25. The company’s 50-day moving average price is $33.11 and its 200 day moving average price is $31.15.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. Brookfield Renewable Partners L.P. had a return on equity of 0.76% and a net margin of 2.82%. The firm had revenue of $683 million during the quarter, compared to analyst estimates of $721.75 million. On average, equities research analysts expect that Brookfield Renewable Partners L.P. will post $0.17 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Karpas Strategies LLC increased its position in shares of Brookfield Renewable Partners L.P. by 0.8% in the first quarter. Karpas Strategies LLC now owns 115,725 shares of the utilities provider’s stock worth $3,441,000 after buying an additional 900 shares during the period. Bowen Hanes & Co. Inc. increased its position in shares of Brookfield Renewable Partners L.P. by 0.4% in the second quarter. Bowen Hanes & Co. Inc. now owns 268,495 shares of the utilities provider’s stock worth $8,576,000 after buying an additional 1,000 shares during the period. Guardian Capital Advisors LP increased its position in shares of Brookfield Renewable Partners L.P. by 2.7% in the second quarter. Guardian Capital Advisors LP now owns 57,771 shares of the utilities provider’s stock worth $2,372,000 after buying an additional 1,546 shares during the period. Greystone Investment Management LLC increased its position in shares of Brookfield Renewable Partners L.P. by 7.9% in the second quarter. Greystone Investment Management LLC now owns 41,190 shares of the utilities provider’s stock worth $1,314,000 after buying an additional 3,000 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in shares of Brookfield Renewable Partners L.P. during the second quarter worth about $109,000. Institutional investors own 54.31% of the company’s stock.

Brookfield Renewable Partners L.P. Company Profile

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.

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

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