Analysts at StockNews.com began providing coverage on Thursday for shares of Brookfield Renewable Partners (NYSE: BEP) (TSE: BEP), which they announced to investors in a note.
The company is listed on both the NYSE and the TSE.
The investment advice given by the company was to “hold” one’s current position in the stock of the utility provider.
On February 3, the most recent earnings report for Brookfield Renewable Partners was made public.
This company’s shares are traded on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSE).
The earnings per share for the quarter that the utility company reported came in at $0.16, which was $0.04 less than the analysts’ consensus estimate.
Brookfield Renewable Partners had a return on equity of 0.60 percent, and the company’s net margin came in at 2.93 percent.
The company’s most recent quarter’s sales came in at $645 million, significantly lower than the widely held forecast of $662.64 million for that quarter’s revenue. Over the current financial year, market researchers forecast that Brookfield Renewable Partners will generate earnings of $0.12 per share.
When trading on BEP began on Thursday, the price was $28.80.
The debt-to-equity ratio, current ratio, and quick ratio all total 0.88, while the current and quick ratios total 0.85.
The debt-to-equity ratio, the current ratio, and the quick ratio all total 0.88.
The lowest price for Brookfield Renewable Partners over the past year is $24.13, and the highest price for Brookfield Renewable Partners over the past year is $41.95.
The stock has been trading at $29.59 on average over the past 200 days, while its moving average price over the past 50 days is $27.88.
The company’s beta value is 0.79, and its price-to-earnings ratio is -48.00.
The company currently has a market capitalization of $7.93 billion.
BEP has recently been the subject of commentary from various stock research analysts, each offering their unique points of view.
Desjardins announced, in a research note made public on January 23, that they would be reducing their price objective on Brookfield Renewable Partners from $46.00 to $44.00.
This change was made in response to recent market conditions. National Bankshares stated in a research note published on Tuesday, March 7, that they would be lowering their target price for Brookfield Renewable Partners from $33.00 to $31.00.
This price reduction was announced.
Last but not least, in a report dated January 26, Raymond James lowered their “outperform” rating on Brookfield Renewable Partners. He lowered their price objective, which had previously been set at $42.00, to $37.00.
This comes after they had previously set their price objective at $42.00. Only four market analysts polled have suggested that investors keep their security holdings, while seven have suggested that investors purchase the stock.
According to Bloomberg.com, the company is currently rated as having an average rating of “Moderate Buy,” and the average price objective set for the company is $40.00.
In addition, the company’s average price target is $40.00.
Several investors have engaged in sizeable purchases and sales of BEP shares over the most recent few months. 1832 Asset Management L.P.
Increased the percentage of ownership it held in Brookfield Renewable Partners by 8.7% over the final three months of 2018. 1832 Asset Management L.P. now has 7,954,595 shares of the utilities provider’s stock, valued at $201,569,000, after purchasing an additional 634,671 shares during the most recent quarter. 1832 Asset Management L.P.
Purchased these shares.
During the third quarter, the Bank of Montreal Could achieve an increase of 8.4 percent in the proportion of Brookfield Renewable Partners stock it owned. Following the acquisition of 523,228 shares during the most recent period, the Bank of Montreal Can now hold 6,722,986 shares of the utility’s stock.
These shares are currently valued at $247,844,000, and the company has spent the most recent period purchasing them.
The percentage of shares held in Brookfield Renewable Partners by Principal Financial Group INC increased by 2% during the fourth quarter.
Principal Financial Group INC now has 6,333,427 shares of the utility service provider’s stock after purchasing an additional 122,390 shares.
The stock is currently valued at $160,489,000 due to the size of Principal Financial Group INC’s holdings.
The British Columbia Investment Management Corp.
Increased the percentage of Brookfield Renewable Partners in which it was invested by 119.4% during the fourth quarter. Following the acquisition of an additional 2,638,541 shares during the most recent quarter, the British Columbia Investment Management Corp. now holds 4,847,621 shares of the stock held by the utility provider.
These shares have a combined value of $122,735,000, totaling the company’s holdings of $122,735,000.
Lastly, but most certainly not least, CIBC Asset Management INC increased its holdings in Brookfield Renewable Partners by 2.3% during the fourth quarter of 2018. CIBC Asset Management INC now holds 3,895,330 shares of the utility provider’s stock, valued at $98,640,000.
This is after the company acquired an additional 85,930 shares during the most recent quarter.
The company’s stock is held collectively by hedge funds and other institutional investors, who account for 57.61% of the total.
The portfolio of renewable energy generation facilities owned by Brookfield Renewable Partners L.P. can be found worldwide.
The United States of America, Europe, India, China, Colombia, and Brazil are some of the countries that house these establishments.
This company comprises several business divisions, the most prominent of which are hydroelectric, wind, solar, energy transition, and corporate. Generation, pumped storage, biomass, and cogeneration are all under the purview of the Energy Transition division, which is accountable for their distribution.