Wall Street analysts expect Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) to report $638.75 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Brookfield Renewable Partners L.P.’s earnings, with the lowest sales estimate coming in at $621.50 million and the highest estimate coming in at $656.00 million. Brookfield Renewable Partners L.P. posted sales of $580.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 10.1%. The business is expected to announce its next earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that Brookfield Renewable Partners L.P. will report full year sales of $638.75 million for the current fiscal year, with estimates ranging from $2.73 billion to $3.06 billion. For the next year, analysts anticipate that the firm will report sales of $2.95 billion per share, with estimates ranging from $2.83 billion to $3.15 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Brookfield Renewable Partners L.P..

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) last issued 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 $683.00 million for the quarter, compared to analyst estimates of $721.75 million. Brookfield Renewable Partners L.P. had a return on equity of 0.76% and a net margin of 3.66%.

BEP has been the subject of a number of recent research reports. TD Securities lifted their price objective on Brookfield Renewable Partners L.P. from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded 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. Brookfield Renewable Partners LP lifted their price objective on Brookfield Renewable Partners L.P. to $48.50 and gave the company a “buy” rating in a research note on Wednesday, August 16th. TheStreet upgraded Brookfield Renewable Partners L.P. from a “d+” rating to a “c-” rating in a research note on Tuesday, June 27th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $33.00 price objective on shares of Brookfield Renewable Partners L.P. in a research note on Wednesday, July 12th. Ten equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $36.56.

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Several hedge funds have recently bought and sold shares of the company. Brookfield Asset Management Inc. raised its stake in shares of Brookfield Renewable Partners L.P. by 9.7% in the second quarter. Brookfield Asset Management Inc. now owns 56,068,944 shares of the utilities provider’s stock worth $1,786,357,000 after purchasing an additional 4,943,000 shares during the last quarter. Scotia Capital Inc. raised its stake in shares of Brookfield Renewable Partners L.P. by 19.5% in the second quarter. Scotia Capital Inc. now owns 2,527,595 shares of the utilities provider’s stock worth $80,466,000 after purchasing an additional 412,554 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of 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 worth $76,412,000 after purchasing an additional 142,656 shares during the last quarter. FMR LLC increased its position in Brookfield Renewable Partners L.P. by 5.1% during the second quarter. FMR LLC now owns 1,245,800 shares of the utilities provider’s stock valued at $39,724,000 after acquiring an additional 60,000 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Brookfield Renewable Partners L.P. by 1.0% during the first quarter. Mackenzie Financial Corp now owns 568,787 shares of the utilities provider’s stock valued at $16,910,000 after acquiring an additional 5,492 shares during the last quarter. Hedge funds and other institutional investors own 58.34% of the company’s stock.

Shares of Brookfield Renewable Partners L.P. (BEP) opened at 34.37 on Friday. Brookfield Renewable Partners L.P. has a 52-week low of $26.61 and a 52-week high of $36.00. The company has a 50-day moving average price of $34.47 and a 200-day moving average price of $31.95. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 11456.67 and a beta of 0.24.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Thursday, August 31st will be paid a $0.4675 dividend. This represents a $1.87 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Tuesday, August 29th. Brookfield Renewable Partners L.P.’s dividend payout ratio is currently -1,869.81%.

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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