The price of Brookfield Renewable Partners L.P. (NYSE:BEP) shares last traded on Wall Street rose 0.31% to $28.80.
Based on available information, 14 analysts follow Brookfield Renewable Partners L.P. (NYSE:BEP). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $44.00 and a low of $33.00, we find $38.00. Given the previous closing price of $28.71, this indicates a potential upside of 32.36 percent. BEP stock price is now 3.32% away from the 50-day moving average and -13.82% away from the 200-day moving average. The market capitalization of the company currently stands at $7.93B.
Among analysts, 3 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $38.22 as their price target over the next twelve months.
On May 09, 2022, TD Securities Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $41, while ‘UBS’ rates the stock as ‘Buy’.
There have been several recent changes in the stakes of large investors in BEP stock. A new stake in Brookfield Renewable Partners L.P. shares was purchased by WINTON GROUP LTD during the first quarter worth $2,700,000. EP WEALTH ADVISORS, LLC invested $2,660,000 in shares of BEP during the first quarter. In the first quarter, TREDJE AP-FONDEN acquired a new stake in Brookfield Renewable Partners L.P. valued at approximately $2,336,000. STRATEGIC WEALTH ADVISORS GROUP, LLC acquired a new stake in BEP for approximately $1,812,000. HRT FINANCIAL LP purchased a new stake in BEP valued at around $665,000 in the second quarter. In total, there are 335 active investors with 62.40% ownership of the company’s stock.
A candlestick chart of Brookfield Renewable Partners L.P. (NYSE: BEP) showed a price of $28.71 on Friday morning. During the past 12 months, Brookfield Renewable Partners L.P. has had a low of $24.13 and a high of $41.95. The fifty day moving average price for BEP is $27.85 and a two-hundred day moving average price translates $33.36 for the stock.
The latest earnings results from Brookfield Renewable Partners L.P. (NYSE: BEP) was released for Jun, 2022. According to the Utilities – Renewable Company, earnings per share came in at -$0.03, missing analysts’ expectations of $0 by -0.03. This compares to -$0.21 EPS in the same period last year. The company reported revenue of $1.13 billion for the quarter, compared to $1.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.81 percent. For the current quarter, analysts expect BEP to generate $974.23M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 11/30/2022 were paid a $0.32 dividend.
Brookfield Renewable Partners L.P.(BEP) Company Profile
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources. Its portfolio consists of approximately 21,000 megawatts of installed capacity. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. The company was formerly known as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners L.P. in May 2016. Brookfield Renewable Partners L.P. was founded in 1999 and is headquartered in Hamilton, Bermuda.