Brookfield Renewable Partners (BEP) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Brookfield Renewable Partners (NYSE: BEP):

• 2/3/2025 – Brookfield Renewable Partners had its price target lowered by analysts at Wells Fargo & Company from $31.00 to $29.00. They now have an “overweight” rating on the stock.
• 2/3/2025 – Brookfield Renewable Partners had its price target lowered by analysts at CIBC from $32.00 to $31.00. They now have an “outperformer” rating on the stock.
• 2/3/2025 – Brookfield Renewable Partners had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $31.00 price target on the stock.
• 2/3/2025 – Brookfield Renewable Partners was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 1/30/2025 – Brookfield Renewable Partners had its price target lowered by analysts at Scotiabank from $32.00 to $28.00. They now have an “outperform” rating on the stock.
• 1/23/2025 – Brookfield Renewable Partners had its price target lowered by analysts at Scotiabank from $32.00 to $28.00. They now have a “sector outperform” rating on the stock.
• 1/23/2025 – Brookfield Renewable Partners had its price target lowered by analysts at JPMorgan Chase & Co. from $30.00 to $28.00. They now have an “overweight” rating on the stock.
• 1/9/2025 – Brookfield Renewable Partners had its price target raised by analysts at CIBC from $39.00 to $40.00. They now have an “outperform” rating on the stock.
• 1/8/2025 – Brookfield Renewable Partners had its price target lowered by analysts at CIBC from $34.00 to $32.00. They now have an “outperformer” rating on the stock.
• 12/26/2024 – Brookfield Renewable Partners was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 12/18/2024 – Brookfield Renewable Partners had its price target lowered by analysts at National Bankshares, Inc. from $33.00 to $32.00. They now have an “outperform” rating on the stock.
• 12/18/2024 – Brookfield Renewable Partners was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/12/2024 – Brookfield Renewable Partners was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $30.00 price target on the stock.
• 12/9/2024 – Brookfield Renewable Partners was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Brookfield Renewable Partners Stock Up 3.3 %

Shares of BEP stock opened at $21.63 on Wednesday. The stock has a market cap of $6.17 billion, a P/E ratio of -24.30 and a beta of 0.95. The stock has a fifty day moving average price of $22.93 and a 200 day moving average price of $24.69. Brookfield Renewable Partners L.P. has a one year low of $19.92 and a one year high of $29.56. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its quarterly earnings results on Friday, January 31st. The utilities provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.16. Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15%. During the same period last year, the business posted $0.01 EPS. Analysts predict that Brookfield Renewable Partners L.P. will post -0.76 earnings per share for the current year.

Brookfield Renewable Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.373 dividend. This is an increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable Partners’s payout ratio is presently -159.55%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in Brookfield Renewable Partners by 86.5% in the 3rd quarter. GAMMA Investing LLC now owns 953 shares of the utilities provider’s stock valued at $27,000 after buying an additional 442 shares during the last quarter. Creative Planning acquired a new position in Brookfield Renewable Partners during the 3rd quarter valued at about $206,000. Aspiriant LLC bought a new position in shares of Brookfield Renewable Partners in the 3rd quarter valued at about $241,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Brookfield Renewable Partners during the 3rd quarter worth approximately $6,191,000. Finally, Private Advisor Group LLC raised its stake in shares of Brookfield Renewable Partners by 47.8% during the third quarter. Private Advisor Group LLC now owns 32,537 shares of the utilities provider’s stock worth $917,000 after buying an additional 10,521 shares during the last quarter. 63.16% of the stock is owned by institutional investors.

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.