Trading Report: Today: Brookfield Renewable Energy Partners LP (BEP) Receives Consensus Rating of “Hold” from Analysts

Today: Brookfield Renewable Energy Partners LP (BEP) Receives Consensus Rating of “Hold” from Analysts

Shares of Brookfield Renewable Energy Partners LP (NYSE:BEP) (TSE:BEP.UN) have been given a consensus rating of “Hold” by the eleven analysts that are covering the stock. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $39.40.

BEP has been the topic of several analyst reports. BMO Capital Markets set a $35.00 price target on shares of Brookfield Renewable Energy Partners and gave the stock a “buy” rating in a research note on Friday, August 5th. TD Securities reiterated a “buy” rating and set a $35.00 price target on shares of Brookfield Renewable Energy Partners in a research note on Sunday, October 2nd. Barclays PLC reiterated an “equal weight” rating and set a $44.00 price target (up previously from $43.00) on shares of Brookfield Renewable Energy Partners in a research note on Sunday, November 6th. Zacks Investment Research upgraded shares of Brookfield Renewable Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $41.00 price target on shares of Brookfield Renewable Energy Partners in a research note on Tuesday, October 4th.

A number of hedge funds have recently made changes to their positions in BEP. Brookfield Asset Management Inc. increased its stake in shares of Brookfield Renewable Energy Partners by 27.7% in the second quarter. Brookfield Asset Management Inc. now owns 51,125,944 shares of the company’s stock worth $1,523,042,000 after buying an additional 11,098,958 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Brookfield Renewable Energy Partners during the second quarter worth about $113,428,000. Royal Bank of Canada increased its stake in shares of Brookfield Renewable Energy Partners by 16.5% in the second quarter. Royal Bank of Canada now owns 11,013,600 shares of the company’s stock worth $328,095,000 after buying an additional 1,555,952 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Brookfield Renewable Energy Partners by 55.7% in the second quarter. Principal Financial Group Inc. now owns 1,771,826 shares of the company’s stock worth $52,783,000 after buying an additional 634,167 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of 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. Institutional investors own 55.64% of the company’s stock.

Brookfield Renewable Energy Partners (NYSE:BEP) traded up 0.22% on Monday, hitting $29.17. 21,026 shares of the stock traded hands. The company’s 50 day moving average price is $29.64 and its 200-day moving average price is $30.06. The stock’s market cap is $8.65 billion. Brookfield Renewable Energy Partners has a 52-week low of $20.36 and a 52-week high of $31.85.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, November 30th will be issued a $0.445 dividend. The ex-dividend date is Monday, November 28th. This represents a $1.78 dividend on an annualized basis and a yield of 6.12%. Brookfield Renewable Energy Partners’s dividend payout ratio is currently -1,112.50%.

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