BMO Capital Markets reiterated their buy rating on shares of Brookfield Renewable Energy Partners LP (NYSE:BEP) in a research report report published on Friday. The brokerage currently has a $35.00 price target on the stock.

Several other research analysts have also commented on the company. TheStreet lowered Brookfield Renewable Energy Partners from a hold rating to a sell rating in a research report on Wednesday, August 31st. TD Securities restated a buy rating and set a $35.00 price target (up from $33.00) on shares of Brookfield Renewable Energy Partners in a research report on Wednesday, August 10th. Zacks Investment Research upgraded Brookfield Renewable Energy Partners from a strong sell rating to a hold rating in a research report on Monday, August 8th. Desjardins lowered Brookfield Renewable Energy Partners from a buy rating to a hold rating in a research report on Friday, July 29th. Finally, Guggenheim upgraded Brookfield Renewable Energy Partners from a neutral rating to a buy rating in a research report on Wednesday, July 20th. 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 company’s stock. Brookfield Renewable Energy Partners has a consensus rating of Hold and an average target price of $34.43.

Brookfield Renewable Energy Partners (NYSE:BEP) opened at 31.13 on Friday. Brookfield Renewable Energy Partners has a 12 month low of $20.36 and a 12 month high of $31.72. The company’s 50-day moving average price is $30.69 and its 200 day moving average price is $29.82. The firm’s market capitalization is $9.22 billion.

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. Brookfield Renewable Energy Partners had a return on equity of 0.76% and a net margin of 3.79%. The firm had revenue of $627 million for the quarter, compared to analysts’ expectations of $718.66 million. Analysts predict that Brookfield Renewable Energy Partners will post $0.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date is Monday, August 29th. Brookfield Renewable Energy Partners’s dividend payout ratio (DPR) is currently -1,618.03%.

Hedge funds have recently bought and sold shares of the company. Brookfield Asset Management Inc. boosted its stake in Brookfield Renewable Energy Partners by 27.7% in the second quarter. Brookfield Asset Management Inc. now owns 51,125,944 shares of the company’s stock worth $1,523,042,000 after buying an additional 11,098,958 shares during the period. Royal Bank of Canada boosted its stake in Brookfield Renewable Energy Partners by 16.5% in the second quarter. Royal Bank of Canada now owns 11,013,600 shares of the company’s stock worth $328,095,000 after buying an additional 1,555,952 shares during the period. Bank of Montreal Can purchased a new stake in Brookfield Renewable Energy Partners during the second quarter worth approximately $113,428,000. Guardian Capital LP boosted its stake in Brookfield Renewable Energy Partners by 4.4% in the second quarter. Guardian Capital LP now owns 2,394,865 shares of the company’s stock worth $70,802,000 after buying an additional 100,255 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Brookfield Renewable Energy Partners by 55.7% in the second quarter. Principal Financial Group Inc. now owns 1,771,826 shares of the company’s stock worth $52,783,000 after buying an additional 634,167 shares during the period. Institutional investors and hedge funds own 55.81% of the company’s stock.

About Brookfield Renewable Energy Partners

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., owns and operates a portfolio of renewable power generating facilities in North America, Brazil, Colombia and Europe. The Company operates over three biomass facilities and Co-generation (Co-gen) facilities. The Company operates through three segments: Hydroelectric, Wind and Other, which includes Co-gen and Biomass.

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