Brookfield Renewable Energy Partners LP (NYSE:BEP)’s share price hit a new 52-week high on Friday . The company traded as high as $31.20 and last traded at $31.04, with a volume of 35,113 shares traded. The stock had previously closed at $30.85.

BEP has been the topic of a number of recent analyst reports. TD Securities restated a “buy” rating and set a $33.00 target price (up from $30.00) on shares of Brookfield Renewable Energy Partners in a report on Friday, May 6th. BMO Capital Markets restated a “buy” rating on shares of Brookfield Renewable Energy Partners in a report on Thursday, May 5th. Guggenheim upgraded shares of Brookfield Renewable Energy Partners from a “neutral” rating to a “buy” rating in a report on Wednesday, July 20th. Desjardins downgraded shares of Brookfield Renewable Energy Partners from a “buy” rating to a “hold” rating in a report on Friday. Finally, TheStreet upgraded shares of Brookfield Renewable Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. 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 stock. Brookfield Renewable Energy Partners currently has an average rating of “Hold” and an average target price of $34.00.

The firm has a market capitalization of $8.47 billion and a P/E ratio of 608.63. The stock’s 50 day moving average price is $29.89 and its 200 day moving average price is $28.49.

Brookfield Renewable Energy Partners (NYSE:BEP) last issued its earnings results on Wednesday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm earned $674 million during the quarter, compared to the consensus estimate of $640.90 million. Equities analysts forecast that Brookfield Renewable Energy Partners LP will post $0.79 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Tuesday, May 31st were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 5.73%. 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 Brookfield Renewable Energy Partners LP (NYSE:BEP) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. 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 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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