Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) had its price target hoisted by investment analysts at Royal Bank Of Canada from $32.00 to $35.00 in a research note issued to investors on Tuesday. The firm presently has a “sector perform” rating on the utilities provider’s stock.

Other equities research analysts also recently issued reports about the company. GMP Securities reissued a “buy” rating and issued a $32.00 price objective on shares of Brookfield Renewable Partners L.P. in a research note on Friday, May 5th. TD Securities reissued a “buy” rating and issued a $45.00 price objective on shares of Brookfield Renewable Partners L.P. in a research note on Thursday, May 4th. Zacks Investment Research raised Brookfield Renewable Partners L.P. from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, July 4th. TheStreet raised Brookfield Renewable Partners L.P. from a “d+” rating to a “c-” rating in a research note on Tuesday, June 27th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $32.00 price objective (down from $33.00) on shares of Brookfield Renewable Partners L.P. in a research note on Sunday, April 23rd. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Brookfield Renewable Partners L.P. has an average rating of “Hold” and a consensus price target of $34.75.

Brookfield Renewable Partners L.P. (NYSE BEP) traded down 3.77% on Tuesday, hitting $33.68. The stock had a trading volume of 107,957 shares. The stock has a 50-day moving average of $32.88 and a 200-day moving average of $30.87. Brookfield Renewable Partners L.P. has a one year low of $26.61 and a one year high of $34.38. The company’s market cap is $9.99 billion.

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

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Several large investors have recently bought and sold shares of BEP. Chicago Partners Investment Group LLC purchased a new stake in Brookfield Renewable Partners L.P. during the second quarter worth $259,000. Jane Street Group LLC purchased a new stake in Brookfield Renewable Partners L.P. during the first quarter worth $454,000. Greystone Investment Management LLC increased its stake 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 period. Karpas Strategies LLC increased its stake in Brookfield Renewable Partners L.P. by 0.8% in the first quarter. Karpas Strategies LLC now owns 115,725 shares of the utilities provider’s stock worth $3,441,000 after buying an additional 900 shares during the period. Finally, Renaissance Technologies LLC increased its stake 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 period. 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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