Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) has been assigned a $36.00 target price by Barclays PLC in a research report issued on Sunday. The brokerage presently has a “hold” rating on the utilities provider’s stock. Barclays PLC’s price target suggests a potential upside of 2.86% from the company’s previous close.

Several other analysts also recently issued reports on BEP. TD Securities reiterated a “buy” rating and issued a $45.00 price target on shares of Brookfield Renewable Partners L.P. in a report on Thursday, May 4th. GMP Securities reiterated a “buy” rating and issued a $32.00 price target on shares of Brookfield Renewable Partners L.P. in a report on Friday, May 5th. Wells Fargo & Company assumed coverage on shares of Brookfield Renewable Partners L.P. in a research report on Tuesday, May 9th. They issued an “outperform” rating for the company. Zacks Investment Research cut shares of Brookfield Renewable Partners L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Finally, BMO Capital Markets cut shares of Brookfield Renewable Partners L.P. from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a research report on Wednesday, May 24th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Brookfield Renewable Partners L.P. currently has a consensus rating of “Hold” and a consensus price target of $36.57.

Brookfield Renewable Partners L.P. (BEP) opened at 35.00 on Friday. The stock’s market capitalization is $10.38 billion. Brookfield Renewable Partners L.P. has a 12-month low of $26.61 and a 12-month high of $35.00. The company has a 50-day moving average price of $32.88 and a 200-day moving average price of $30.87.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. Brookfield Renewable Partners L.P. had a return on equity of 0.75% and a net margin of 2.82%. The firm had revenue of $683 million during the quarter, compared to the consensus estimate of $721.75 million. On average, equities research analysts forecast that Brookfield Renewable Partners L.P. will post $0.17 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of BEP. First Manhattan Co. boosted its position in Brookfield Renewable Partners L.P. by 3.0% in the second quarter. First Manhattan Co. now owns 564,697 shares of the utilities provider’s stock worth $17,979,000 after buying an additional 16,522 shares during the last quarter. Greystone Investment Management LLC boosted its position in Brookfield Renewable Partners L.P. by 7.9% in the second quarter. Greystone Investment Management LLC now owns 41,190 shares of the utilities provider’s stock worth $1,314,000 after buying an additional 3,000 shares during the last quarter. Karpas Strategies LLC boosted its position in Brookfield Renewable Partners L.P. by 2.4% in the second quarter. Karpas Strategies LLC now owns 118,525 shares of the utilities provider’s stock worth $3,786,000 after buying an additional 2,800 shares during the last quarter. Hexavest Inc. boosted its position in Brookfield Renewable Partners L.P. by 1.1% in the second quarter. Hexavest Inc. now owns 338,455 shares of the utilities provider’s stock worth $10,776,000 after buying an additional 3,715 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Brookfield Renewable Partners L.P. during the first quarter worth $454,000. 54.24% of the stock is owned by institutional investors.

Brookfield Renewable Partners L.P. Company Profile

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.

Analyst Recommendations for Brookfield Renewable Partners L.P. (NYSE:BEP)

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