Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) – Stock analysts at National Bank Financial boosted their FY2018 earnings per share estimates for Brookfield Renewable Partners L.P. in a note issued to investors on Sunday. National Bank Financial analyst R. Merer now expects that the utilities provider will earn $0.26 per share for the year, up from their previous estimate of $0.20.

Several other equities research analysts have also recently weighed in on BEP. Zacks Investment Research upgraded Brookfield Renewable Partners L.P. from a “strong sell” rating to a “hold” rating in a research note on Monday, February 27th. Barclays PLC restated an “equal weight” rating and set a $32.00 target price (down previously from $33.00) on shares of Brookfield Renewable Partners L.P. in a research note on Sunday, April 23rd. TD Securities restated a “buy” rating and set a $45.00 target price on shares of Brookfield Renewable Partners L.P. in a research note on Thursday, May 4th. GMP Securities restated a “buy” rating and set a $32.00 target price on shares of Brookfield Renewable Partners L.P. in a research note on Friday, May 5th. Finally, Wells Fargo & Co started coverage on Brookfield Renewable Partners L.P. in a research note on Tuesday, May 9th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $36.60.

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Brookfield Renewable Partners L.P. (NYSE BEP) opened at 33.02 on Tuesday. The stock’s market capitalization is $9.79 billion. Brookfield Renewable Partners L.P. has a 12 month low of $26.61 and a 12 month high of $34.02. The company has a 50 day moving average of $31.74 and a 200 day moving average of $30.07.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last announced its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The company had revenue of $677 million during the quarter, compared to analysts’ expectations of $699.25 million. Brookfield Renewable Partners L.P. had a negative net margin of 1.34% and a negative return on equity of 0.10%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its position in Brookfield Renewable Partners L.P. by 11.4% in the first quarter. Bank of Montreal Can now owns 4,496,989 shares of the utilities provider’s stock worth $133,696,000 after buying an additional 459,698 shares during the last quarter. Global X Management Co. LLC raised its position in Brookfield Renewable Partners L.P. by 1,008.4% in the first quarter. Global X Management Co. LLC now owns 287,740 shares of the utilities provider’s stock worth $8,555,000 after buying an additional 261,780 shares during the last quarter. Renaissance Technologies LLC raised its position in Brookfield Renewable Partners L.P. by 353.8% in the first quarter. Renaissance Technologies LLC now owns 255,953 shares of the utilities provider’s stock worth $7,598,000 after buying an additional 199,554 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Brookfield Renewable Partners L.P. during the fourth quarter worth about $5,185,000. Finally, Principal Financial Group Inc. raised its position in Brookfield Renewable Partners L.P. by 5.6% in the first quarter. Principal Financial Group Inc. now owns 2,249,697 shares of the utilities provider’s stock worth $66,883,000 after buying an additional 119,318 shares during the last quarter. 54.37% of the stock is currently owned by institutional investors and hedge funds.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st will be issued a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Friday, May 26th.

About Brookfield Renewable Partners L.P.

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.

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