Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) shares hit a new 52-week high during trading on Monday . The company traded as high as $35.07 and last traded at $35.03, with a volume of 37,982 shares trading hands. The stock had previously closed at $34.87.

A number of research analysts have recently commented on the company. Raymond James Financial, Inc. lowered their price target on Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating on the stock in a report on Thursday, August 17th. Brookfield Renewable Partners LP lowered their price target on Brookfield Renewable Partners L.P. to $42.00 and set a “market perform” rating on the stock in a report on Thursday, August 17th. Royal Bank Of Canada raised their price target on Brookfield Renewable Partners L.P. from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Tuesday, August 8th. National Bank Financial lowered Brookfield Renewable Partners L.P. from an “outperform” rating to a “sector perform” rating and set a $35.00 price target on the stock. in a report on Tuesday, August 8th. Finally, TD Securities raised their price target on Brookfield Renewable Partners L.P. from $35.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Ten research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Brookfield Renewable Partners L.P. has an average rating of “Hold” and a consensus target price of $36.56.

The firm’s 50-day moving average is $33.42 and its 200 day moving average is $31.32. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 11616.67 and a beta of 0.25.

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last released its earnings results on Friday, August 4th. The utilities provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The company 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 0.76% and a net margin of 2.82%. Equities analysts forecast that Brookfield Renewable Partners L.P. will post $0.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.4675 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 5.37%.

Large investors have recently added to or reduced their stakes in the company. Bowen Hanes & Co. Inc. increased its stake in Brookfield Renewable Partners L.P. by 0.4% in the second quarter. Bowen Hanes & Co. Inc. now owns 268,495 shares of the utilities provider’s stock worth $8,576,000 after buying an additional 1,000 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Brookfield Renewable Partners L.P. during the second quarter worth $259,000. First Manhattan Co. increased its stake 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 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 last quarter. Finally, Karpas Strategies LLC increased its stake 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. Institutional investors own 54.31% of the company’s stock.

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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.

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