Brookfield Renewable Energy Partners LP (NYSE:BEP) hit a new 52-week high during trading on Thursday . The company traded as high as $31.64 and last traded at $31.64, with a volume of 48,961 shares changing hands. The stock had previously closed at $31.35.

A number of brokerages recently commented on BEP. Guggenheim began coverage on Brookfield Renewable Energy Partners in a research report on Tuesday, May 3rd. They issued a “neutral” rating on the stock. BMO Capital Markets reiterated a “buy” rating on shares of Brookfield Renewable Energy Partners in a research report on Thursday, May 5th. TD Securities reiterated a “buy” rating and issued a $33.00 target price (up previously from $30.00) on shares of Brookfield Renewable Energy Partners in a research report on Friday, May 6th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $39.00 target price on shares of Brookfield Renewable Energy Partners in a research report on Monday, June 13th. Finally, Zacks Investment Research lowered Brookfield Renewable Energy Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.00.

The company has a market capitalization of $8.63 billion and a P/E ratio of 620.39. The stock’s 50-day moving average price is $30.15 and its 200 day moving average price is $28.73.

Brookfield Renewable Energy Partners (NYSE:BEP) last issued its earnings results on Thursday, August 4th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.03. The firm earned $627 million during the quarter, compared to analyst estimates of $718.66 million. On average, analysts predict that Brookfield Renewable Energy Partners LP will post $0.79 EPS for the current fiscal year.

An institutional investor recently raised its position in Brookfield Renewable Energy Partners stock. Principal Financial Group Inc. raised its stake in 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 (SEC). The fund 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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