Brookfield Renewable Partners (NYSE:BEP) Receives Neutral Rating from JPMorgan Chase & Co.

Brookfield Renewable Partners (NYSE:BEPGet Free Report) (TSE:BEP)‘s stock had its “neutral” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research note issued on Monday, Benzinga reports. They currently have a $28.00 price target on the utilities provider’s stock, down from their previous price target of $36.00. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 17.06% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada restated an “outperform” rating and set a $29.00 price objective on shares of Brookfield Renewable Partners in a report on Monday, November 13th. Scotiabank dropped their price target on shares of Brookfield Renewable Partners from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. Raymond James dropped their price target on shares of Brookfield Renewable Partners from $37.00 to $33.00 and set a “strong-buy” rating for the company in a research report on Monday, November 6th. National Bankshares lifted their price target on shares of Brookfield Renewable Partners from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Finally, Desjardins dropped their price target on shares of Brookfield Renewable Partners from $43.00 to $39.00 and set a “hold” rating for the company in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Brookfield Renewable Partners presently has an average rating of “Moderate Buy” and a consensus price target of $30.91.

Read Our Latest Research Report on BEP

Brookfield Renewable Partners Trading Down 0.1 %

Shares of NYSE:BEP opened at $23.92 on Monday. Brookfield Renewable Partners has a 12-month low of $19.97 and a 12-month high of $32.76. The stock has a market cap of $6.87 billion, a PE ratio of -74.75 and a beta of 0.85. The business has a 50 day moving average of $25.94 and a 200-day moving average of $24.90. The company has a quick ratio of 0.76, a current ratio of 0.16 and a debt-to-equity ratio of 0.82.

Brookfield Renewable Partners (NYSE:BEPGet Free Report) (TSE:BEP) last issued its quarterly earnings data on Friday, February 2nd. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. Brookfield Renewable Partners had a return on equity of 2.23% and a net margin of 12.23%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts forecast that Brookfield Renewable Partners will post 0.2 earnings per share for the current year.

Institutional Trading of Brookfield Renewable Partners

A number of hedge funds and other institutional investors have recently modified their holdings of BEP. Baystate Wealth Management LLC bought a new stake in shares of Brookfield Renewable Partners in the fourth quarter worth $26,000. Financial Freedom LLC bought a new stake in shares of Brookfield Renewable Partners in the fourth quarter worth $28,000. Clear Street Markets LLC bought a new stake in shares of Brookfield Renewable Partners in the fourth quarter worth $34,000. Geneos Wealth Management Inc. grew its stake in shares of Brookfield Renewable Partners by 363.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,275 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Northwest Financial Advisors bought a new stake in shares of Brookfield Renewable Partners in the fourth quarter worth $65,000. Institutional investors own 60.36% of the company’s stock.

Brookfield Renewable Partners Company Profile

(Get Free Report)

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, and Asia. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources.

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