Shares of Brookfield Renewable Energy Partners LP (NYSE:BEP) reached a new 52-week high during trading on Tuesday . The company traded as high as $31.09 and last traded at $30.80, with a volume of 28,131 shares changing hands. The stock had previously closed at $30.46.

A number of analysts recently commented on the company. Zacks Investment Research lowered Brookfield Renewable Energy Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. BMO Capital Markets reaffirmed a “buy” rating on shares of Brookfield Renewable Energy Partners in a research note on Tuesday. National Bank Financial raised Brookfield Renewable Energy Partners from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 13th. TD Securities reaffirmed a “buy” rating and set a $33.00 price objective (up previously from $30.00) on shares of Brookfield Renewable Energy Partners in a research note on Friday, May 6th. Finally, TheStreet raised Brookfield Renewable Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $34.00.

The firm has a market cap of $8.41 billion and a PE ratio of 270.44. The stock has a 50 day moving average price of $29.53 and a 200 day moving average price of $28.16.

Brookfield Renewable Energy Partners (NYSE:BEP) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. The firm earned $674 million during the quarter, compared to the consensus estimate of $640.90 million. On average, equities research analysts predict that Brookfield Renewable Energy Partners LP will post $0.80 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Tuesday, May 31st were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 5.77%. 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. boosted its position in shares of Brookfield Renewable Energy Partners LP (NYSE:BEP) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 about 0.42% of Brookfield Renewable Energy Partners worth $29,688,000 at the end of the most recent reporting period.

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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