Brookfield Renewable Partners (BEP) Rating Reiterated by Raymond James

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Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP)‘s stock had its “market perform” rating reissued by stock analysts at Raymond James in a note issued to investors on Tuesday. They presently have a $31.00 price objective on the utilities provider’s stock. Raymond James’ target price suggests a potential upside of 7.08% from the stock’s previous close.

Several other analysts also recently issued reports on BEP. Zacks Investment Research downgraded Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. ValuEngine downgraded Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Wells Fargo & Co set a $34.00 price target on Brookfield Renewable Partners and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, TheStreet downgraded Brookfield Renewable Partners from a “c-” rating to a “d+” rating in a report on Tuesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Brookfield Renewable Partners has an average rating of “Hold” and an average price target of $32.42.

Shares of NYSE BEP opened at $28.95 on Tuesday. The company has a market capitalization of $5.19 billion, a P/E ratio of -160.83, a P/E/G ratio of 10.85 and a beta of 0.58. Brookfield Renewable Partners has a 12-month low of $24.51 and a 12-month high of $32.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.95 and a current ratio of 0.95.

A number of institutional investors have recently made changes to their positions in the business. Stifel Financial Corp bought a new stake in Brookfield Renewable Partners during the 4th quarter valued at $272,000. Kayne Anderson Capital Advisors LP raised its stake in Brookfield Renewable Partners by 119.4% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 54,400 shares of the utilities provider’s stock valued at $1,407,000 after acquiring an additional 29,600 shares in the last quarter. Northern Trust Corp raised its stake in Brookfield Renewable Partners by 36.8% during the 4th quarter. Northern Trust Corp now owns 49,192 shares of the utilities provider’s stock valued at $1,274,000 after acquiring an additional 13,241 shares in the last quarter. Montrusco Bolton Investments Inc. raised its stake in Brookfield Renewable Partners by 8.8% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 1,469,500 shares of the utilities provider’s stock valued at $38,034,000 after acquiring an additional 118,954 shares in the last quarter. Finally, Scotia Capital Inc. raised its stake in Brookfield Renewable Partners by 2.6% during the 4th quarter. Scotia Capital Inc. now owns 2,511,896 shares of the utilities provider’s stock valued at $64,791,000 after acquiring an additional 64,642 shares in the last quarter. 55.18% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies.

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Analyst Recommendations for Brookfield Renewable Partners (NYSE:BEP)

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