Brookfield Renewable Energy Partners LP (NYSE:BEP)’s share price reached 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. The stock had previously closed at $30.85.

A number of equities analysts have recently weighed in on BEP shares. BMO Capital Markets reiterated a “buy” rating on shares of Brookfield Renewable Energy Partners in a report on Tuesday, July 19th. Guggenheim started coverage on Brookfield Renewable Energy Partners in a report on Tuesday, May 3rd. They set a “neutral” rating for the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $39.00 price target on shares of Brookfield Renewable Energy Partners in a report on Monday, June 13th. Desjardins cut Brookfield Renewable Energy Partners from a “buy” rating to a “hold” rating in a report on Friday. Finally, Zacks Investment Research cut Brookfield Renewable Energy Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $34.00.

The stock has a market cap of $8.47 billion and a PE ratio of 608.63. The stock has a 50-day moving average of $29.89 and a 200-day moving average of $28.49.

Brookfield Renewable Energy Partners (NYSE:BEP) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $674 million for the quarter, compared to analyst estimates of $640.90 million. On average, equities research analysts forecast that Brookfield Renewable Energy Partners LP will post $0.79 earnings per share for the current year.

A hedge fund recently raised its stake in Brookfield Renewable Energy Partners stock. Principal Financial Group Inc. increased its position in Brookfield Renewable Energy Partners LP (NYSE:BEP) by 4.6% during the fourth quarter, according to its most recent disclosure with the SEC. 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 about 0.42% of Brookfield Renewable Energy Partners worth $29,688,000 as of its most recent SEC filing.

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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