Today: Today, Brookfield Renewable Energy Partners LP (BEP) Given “Buy” Rating at BMO Capital Markets

Today, Brookfield Renewable Energy Partners LP (BEP) Given “Buy” Rating at BMO Capital Markets

Brookfield Renewable Energy Partners LP (NYSE:BEP) (TSE:BEP.UN)‘s stock had its “buy” rating restated by BMO Capital Markets in a report issued on Sunday.

Other research analysts have also issued reports about the company. TD Securities reiterated a “buy” rating and issued a $35.00 price objective on shares of Brookfield Renewable Energy Partners in a research report on Sunday, October 2nd. Guggenheim upgraded Brookfield Renewable Energy Partners from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 20th. Barclays PLC restated an “equal weight” rating and set a $44.00 price target (up from $43.00) on shares of Brookfield Renewable Energy Partners in a research report on Sunday, November 6th. Zacks Investment Research upgraded Brookfield Renewable Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Finally, Desjardins lowered Brookfield Renewable Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $37.14.

Brookfield Renewable Energy Partners (NYSE:BEP) traded up 1.06% on Friday, hitting $29.55. The stock had a trading volume of 24,429 shares. Brookfield Renewable Energy Partners has a 52-week low of $20.36 and a 52-week high of $31.85. The firm’s 50-day moving average is $29.64 and its 200-day moving average is $30.06. The company’s market cap is $8.76 billion.

Brookfield Renewable Energy Partners (NYSE:BEP) last issued its quarterly earnings data on Thursday, November 3rd. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by $0.06. The business earned $580 million during the quarter, compared to analysts’ expectations of $602.74 million. Brookfield Renewable Energy Partners had a return on equity of 0.27% and a net margin of 1.36%. Equities research analysts anticipate that Brookfield Renewable Energy Partners will post $0.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 31st. Investors of record on Wednesday, November 30th will be issued a $0.445 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.78 dividend on an annualized basis and a yield of 6.02%. Brookfield Renewable Energy Partners’s dividend payout ratio (DPR) is presently -1,112.50%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BEP. Credit Suisse AG boosted its stake in Brookfield Renewable Energy Partners by 3.3% in the third quarter. Credit Suisse AG now owns 50,672 shares of the company’s stock worth $1,559,000 after buying an additional 1,600 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Brookfield Renewable Energy Partners by 6,170.8% in the third quarter. Mackenzie Financial Corp now owns 555,095 shares of the company’s stock worth $17,075,000 after buying an additional 546,243 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Brookfield Renewable Energy Partners by 689.7% in the third quarter. 1832 Asset Management L.P. now owns 15,793 shares of the company’s stock worth $486,000 after buying an additional 13,793 shares in the last quarter. Jane Street Group LLC acquired a new stake in Brookfield Renewable Energy Partners during the third quarter worth $414,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Brookfield Renewable Energy Partners during the third quarter worth $9,900,000. Hedge funds and other institutional investors own 55.50% of the company’s stock.

Brookfield Renewable Energy Partners Company Profile

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