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

A number of brokerages recently weighed in on BEP. BMO Capital Markets reaffirmed a “buy” rating on shares of Brookfield Renewable Energy Partners in a research note on Thursday, May 5th. National Bank Financial raised shares of Brookfield Renewable Energy Partners from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 13th. Guggenheim raised shares of Brookfield Renewable Energy Partners from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 20th. TheStreet raised shares of Brookfield Renewable Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. Finally, TD Securities reissued a “buy” rating and issued a $33.00 target price on shares of Brookfield Renewable Energy Partners in a research note on Monday, June 13th. One investment 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 a consensus rating of “Hold” and an average price target of $34.14.

The stock has a market cap of $8.23 billion and a PE ratio of 591.57. The company’s 50 day moving average is $30.19 and its 200-day moving average is $28.74.

Brookfield Renewable Energy Partners (NYSE:BEP) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by $0.03. The firm had revenue of $627 million for the quarter, compared to analyst estimates of $718.66 million. On average, equities research analysts forecast that Brookfield Renewable Energy Partners LP will post $0.78 earnings per share for the current year.

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