Wall Street analysts expect Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) to post earnings per share (EPS) of $0.01 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Brookfield Renewable Partners’ earnings. Brookfield Renewable Partners reported earnings of ($0.16) per share in the same quarter last year, which would indicate a positive year over year growth rate of 106.3%. The business is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, February 7th.

On average, analysts expect that Brookfield Renewable Partners will report full year earnings of ($0.63) per share for the current fiscal year. For the next financial year, analysts forecast that the business will post earnings of $0.09 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Brookfield Renewable Partners.

BEP has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Brookfield Renewable Partners from a “hold” rating to a “strong sell” rating in a report on Thursday, January 11th. GMP Securities reaffirmed a “hold” rating and set a $34.50 price objective on shares of Brookfield Renewable Partners in a report on Friday, October 20th. CIBC lowered Brookfield Renewable Partners from a “sector outperform” rating to a “neutral” rating in a report on Thursday, November 2nd. Credit Suisse Group raised Brookfield Renewable Partners from a “neutral” rating to an “outperform” rating in a report on Tuesday. Finally, Guggenheim set a $36.00 price objective on Brookfield Renewable Partners and gave the stock a “buy” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.15.

A number of institutional investors have recently bought and sold shares of the business. AGF Investments Inc. lifted its position in shares of Brookfield Renewable Partners by 4.7% in the fourth quarter. AGF Investments Inc. now owns 42,163 shares of the utilities provider’s stock valued at $1,469,000 after acquiring an additional 1,881 shares in the last quarter. Columbia Asset Management purchased a new stake in shares of Brookfield Renewable Partners in the fourth quarter valued at $270,000. CIBC Asset Management Inc lifted its position in shares of Brookfield Renewable Partners by 166.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,724,407 shares of the utilities provider’s stock valued at $60,353,000 after acquiring an additional 1,077,118 shares in the last quarter. Hemenway Trust Co LLC purchased a new stake in shares of Brookfield Renewable Partners in the fourth quarter valued at $202,000. Finally, CIBC World Markets Inc. lifted its position in shares of Brookfield Renewable Partners by 30.2% in the fourth quarter. CIBC World Markets Inc. now owns 1,045,660 shares of the utilities provider’s stock valued at $36,504,000 after acquiring an additional 242,332 shares in the last quarter. 54.19% of the stock is currently owned by institutional investors.

Shares of Brookfield Renewable Partners (BEP) traded down $0.09 during mid-day trading on Monday, reaching $31.99. The company had a trading volume of 21,321 shares, compared to its average volume of 101,328. Brookfield Renewable Partners has a 52-week low of $28.13 and a 52-week high of $36.00. The firm has a market capitalization of $5,766.50, a price-to-earnings ratio of -267.31 and a beta of 0.16. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.58 and a quick ratio of 0.58.

Brookfield Renewable Partners announced that its board has authorized a stock buyback plan on Friday, December 22nd that permits the company to repurchase 9,000,000 outstanding shares. This repurchase authorization permits the utilities provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

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About Brookfield Renewable Partners

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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