Equities analysts expect Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) to report $603.30 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Brookfield Renewable Partners L.P.’s earnings, with the highest sales estimate coming in at $612.00 million and the lowest estimate coming in at $594.60 million. Brookfield Renewable Partners L.P. posted sales of $580.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The business is scheduled to report its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Brookfield Renewable Partners L.P. will report full-year sales of $603.30 million for the current year, with estimates ranging from $2.65 billion to $3.06 billion. For the next year, analysts forecast that the business will post sales of $2.97 billion per share, with estimates ranging from $2.86 billion to $3.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Brookfield Renewable Partners L.P..

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last posted its earnings results on Friday, August 4th. The utilities provider reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.05. Brookfield Renewable Partners L.P. had a net margin of 2.82% and a return on equity of 0.75%. The company had revenue of $683 million for the quarter, compared to analyst estimates of $721.75 million.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted 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 valued at $133,696,000 after buying an additional 459,698 shares during the last quarter. American Assets Capital Advisers bought a new position in Brookfield Renewable Partners L.P. during the second quarter valued at $10,520,000. Global X Management Co. LLC boosted 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 valued at $8,555,000 after buying an additional 261,780 shares during the last quarter. Renaissance Technologies LLC boosted 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 valued at $7,598,000 after buying an additional 199,554 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Brookfield Renewable Partners L.P. by 6.3% in the second quarter. Principal Financial Group Inc. now owns 2,392,353 shares of the utilities provider’s stock valued at $76,412,000 after buying an additional 142,656 shares during the last quarter. 54.24% of the stock is owned by hedge funds and other institutional investors.

Shares of Brookfield Renewable Partners L.P. (NYSE BEP) opened at 33.82 on Wednesday. The firm has a 50-day moving average of $33.01 and a 200-day moving average of $30.93. Brookfield Renewable Partners L.P. has a 12 month low of $26.61 and a 12 month high of $34.38. The company’s market capitalization is $10.03 billion.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.4675 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.87 annualized dividend and a dividend yield of 5.53%.

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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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