Brookfield Renewable Energy Partners LP (NYSE:BEP) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $30.79 and last traded at $30.76, with a volume of 33,145 shares traded. The stock had previously closed at $30.00.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets reissued a “buy” rating on shares of Brookfield Renewable Energy Partners in a research report on Thursday, May 5th. TheStreet raised shares of Brookfield Renewable Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. TD Securities reissued a “buy” rating and set a $33.00 price objective on shares of Brookfield Renewable Energy Partners in a research report on Monday, June 13th. Zacks Investment Research downgraded shares of Brookfield Renewable Energy Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, April 5th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $39.00 price objective on shares of Brookfield Renewable Energy Partners in a research report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Brookfield Renewable Energy Partners currently has a consensus rating of “Hold” and an average price target of $34.00.

The stock has a market capitalization of $8.37 billion and a PE ratio of 269.12. The company’s 50 day moving average price is $29.33 and its 200 day moving average price is $27.91.

Brookfield Renewable Energy Partners (NYSE:BEP) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The business had revenue of $674 million for the quarter, compared to analysts’ expectations of $640.90 million. On average, equities analysts expect that Brookfield Renewable Energy Partners LP will post $0.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Tuesday, May 31st were issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend was Thursday, May 26th.

An institutional investor recently raised its position in Brookfield Renewable Energy Partners stock. Principal Financial Group Inc. increased its stake in Brookfield Renewable Energy Partners LP (NYSE:BEP) by 4.6% during the fourth quarter, Holdings Channel reports. The firm owned 1,133,978 shares of the company’s stock after buying an additional 49,739 shares during the period. Principal Financial Group Inc. owned 0.42% of Brookfield Renewable Energy Partners worth $29,688,000 as of its most recent filing with the SEC.

Brookfield Renewable Energy Partners L.P. (Brookfield Renewable) operates as a pure-play renewable power platform. The Company’s segments include hydroelectric, wind and other. Brookfield Renewable operates renewable power generating assets, which include conventional hydroelectric facilities located in the United States, Canada and Brazil, and wind facilities located in the United States, Canada and Europe.

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