Today: The Brookfield Renewable Energy Partners LP (BEP) Given Sector Perform Rating at RBC Capital Markets

The Brookfield Renewable Energy Partners LP (BEP) Given Sector Perform Rating at RBC Capital Markets

RBC Capital Markets reiterated their sector perform rating on shares of Brookfield Renewable Energy Partners LP (NYSE:BEP) in a research note published on Tuesday. They currently have a $41.00 price objective on the stock.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets reaffirmed a buy rating and set a $35.00 price target on shares of Brookfield Renewable Energy Partners in a research note on Friday, September 16th. TD Securities reaffirmed a buy rating and set a $35.00 price target (up previously from $33.00) on shares of Brookfield Renewable Energy Partners in a research note on Wednesday, August 10th. Guggenheim raised shares of Brookfield Renewable Energy Partners from a neutral rating to a buy rating in a research note on Wednesday, July 20th. Desjardins downgraded shares of Brookfield Renewable Energy Partners from a buy rating to a hold rating in a research note on Friday, July 29th. Finally, Zacks Investment Research raised shares of Brookfield Renewable Energy Partners from a strong sell rating to a hold rating in a research note on Monday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $35.25.

Brookfield Renewable Energy Partners (NYSE:BEP) traded down 0.42% during midday trading on Tuesday, reaching $30.66. 8,893 shares of the company traded hands. The stock’s market capitalization is $9.09 billion. Brookfield Renewable Energy Partners has a 12-month low of $20.36 and a 12-month high of $31.85. The company has a 50 day moving average of $30.69 and a 200-day moving average of $29.97.

Brookfield Renewable Energy Partners (NYSE:BEP) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The business had revenue of $627 million for the quarter, compared to the consensus estimate of $718.66 million. Brookfield Renewable Energy Partners had a net margin of 3.79% and a return on equity of 0.76%. Equities analysts anticipate that Brookfield Renewable Energy Partners will post $0.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date was Monday, August 29th. Brookfield Renewable Energy Partners’s payout ratio is currently -1,618.03%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp purchased a new position in Brookfield Renewable Energy Partners during the first quarter worth $1,081,000. UBS Group AG raised its position in Brookfield Renewable Energy Partners by 16.9% in the first quarter. UBS Group AG now owns 197,364 shares of the company’s stock worth $5,911,000 after buying an additional 28,488 shares during the last quarter. Scotia Capital Inc. raised its position in Brookfield Renewable Energy Partners by 26.3% in the first quarter. Scotia Capital Inc. now owns 1,405,480 shares of the company’s stock worth $42,109,000 after buying an additional 292,529 shares during the last quarter. Bank of Nova Scotia Trust Co. raised its position in Brookfield Renewable Energy Partners by 1.2% in the first quarter. Bank of Nova Scotia Trust Co. now owns 352,343 shares of the company’s stock worth $10,553,000 after buying an additional 4,099 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Brookfield Renewable Energy Partners during the first quarter worth $416,000. 55.81% of the stock is currently owned by institutional investors.

About Brookfield Renewable Energy Partners

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