Brookfield Renewable Partners L.P. (NYSE:BEP) Given Consensus Rating of "Moderate Buy" by Analysts

Brookfield Renewable Partners L.P. (NYSE:BEP - Get Free Report) TSE: BEP has earned a consensus recommendation of "Moderate Buy" from the sixteen research firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $35.9286.Bloom Energy's Game-Changing AI Deal: Why the Rally Has LegsBEP has been the subject of several research analyst reports. Barclays set a $28.00 target price on shares of Brookfield Renewable Partners and gave the company an "equal weight" rating in a research report on Friday, January 23rd. Wall Street Zen upgraded shares of Brookfield Renewable Partners from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating and set a $40.00 target price (up from $37.00) on shares of Brookfield Renewable Partners in a research report on Monday. Morgan Stanley lifted their target price on shares of Brookfield Renewable Partners from $38.00 to $42.00 and gave the company an "overweight" rating in a research report on Monday, March 23rd. Finally, Mizuho set a $31.00 price target on shares of Brookfield Renewable Partners and gave the company a "neutral" rating in a research report on Monday, February 2nd.Get Our Latest Report on Brookfield Renewable PartnersInstitutional Inflows and Outflows3 Renewable Energy Stocks That Could Gush as Oil Stays VolatileInstitutional investors and hedge funds have recently bought and sold shares of the business. Kelleher Financial Advisors bought a new position in Brookfield Renewable Partners during the third quarter valued at approximately $26,000. Russell Investments Group Ltd. bought a new position in Brookfield Renewable Partners during the second quarter valued at approximately $34,000. CENTRAL TRUST Co bought a new position in Brookfield Renewable Partners during the first quarter valued at approximately $55,000. Root Financial Partners LLC bought a new position in Brookfield Renewable Partners during the third quarter valued at approximately $46,000. Finally, Triumph Capital Management bought a new position in Brookfield Renewable Partners during the third quarter valued at approximately $55,000. 63.16% of the stock is currently owned by institutional investors. Brookfield Renewable Partners Trading Up 0.8%Shares of BEP opened at $34.18 on Friday. The business's 50-day moving average price is $32.29 and its 200-day moving average price is $29.91. Brookfield Renewable Partners has a twelve month low of $22.17 and a twelve month high of $35.97. The stock has a market cap of $10.37 billion, a PE ratio of -131.46 and a beta of 1.09. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.80. The 6 Best Energy Stocks to Buy NowBrookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last announced its quarterly earnings results on Friday, January 30th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.88. Brookfield Renewable Partners had a net margin of 11.11% and a return on equity of 2.15%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. On average, equities analysts forecast that Brookfield Renewable Partners will post -0.87 EPS for the current fiscal year. Brookfield Renewable Partners Increases DividendThe firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were given a dividend of $0.392 per share. The ex-dividend date was Friday, February 27th. This is an increase from Brookfield Renewable Partners's previous quarterly dividend of $0.37. This represents a $1.57 dividend on an annualized basis and a yield of 4.6%. Brookfield Renewable Partners's dividend payout ratio (DPR) is -603.85%. About Brookfield Renewable Partners (Get Free Report)Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy. The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.Featured ArticlesFive stocks we like better than Brookfield Renewable PartnersThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Brookfield Renewable Partners Right Now?Before you consider Brookfield Renewable Partners, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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