Analysts Adjust Price Target for Brookfield Renewable Partners L.P. to $31.78

On February 2, 2025, analysts have set the price target for Brookfield Renewable Partners L.P. (NYSE:BEP – Get Free Report) (TSE:BEP) at an average of $31.78. This assessment comes from a review by nine different ratings firms, where the consensus rating given to the company is "Buy." Among these analysts, eight have issued a buy rating, while one has provided a strong buy rating for the stock.

Several investment firms have recently updated their evaluations on Brookfield Renewable Partners. For instance, CIBC increased their price target from $39.00 to $40.00 and maintained an "outperform" rating for the company as per their report released on January 9th. Scotiabank lowered their target from $32.00 to $28.00, still assigning an "outperform" rating. National Bankshares adjusted their target from $33.00 to $32.00, designating the stock with an "outperform" rating, while JPMorgan Chase & Co. decreased their price target from $30.00 to $28.00, also issuing an "overweight" rating. Additionally, the Royal Bank of Canada reaffirmed an "outperform" rating with a target price set at $31.00 in a report dated October 9th.

Stock Performance Overview

On the trading day preceding this announcement, shares of Brookfield Renewable Partners opened at $21.90. Throughout this period, the company has demonstrated a fifty-day simple moving average of $23.03 and a 200-day simple moving average of $24.72. With a quick ratio of 0.73 and a current ratio of 0.73, Brookfield maintains a debt-to-equity ratio of 0.93. The company's market capitalization stands at $6.24 billion, with a PE ratio of -26.70 indicating some investment challenges, along with a beta of 0.95. Over the past fifty-two weeks, the stock has fluctuated between a low of $19.92 and a high of $29.56.

Recent Earnings Results

Brookfield Renewable Partners recently announced their earnings results for the quarter ending January 31st. The company reported earnings per share (EPS) of ($0.06), surpassing analysts' expectations, which had estimated EPS at ($0.22). The firm recorded a net margin of 1.16% along with a return on equity of 0.24%. Comparatively, during the same quarter the previous year, Brookfield Renewable reported earnings of $0.01 EPS. Looking ahead, analysts forecast the firm will report an EPS of -1.2 for the current fiscal year.

Dividend Announcement

In addition to the earnings report, Brookfield Renewable Partners has also announced an increase in their quarterly dividend. The new dividend of $0.373 will be paid on March 31st, with investors on record by February 28th being eligible for this payout. This dividend reflects an annualized payout of $1.49, translating to a yield of 6.81%. This increase follows a prior dividend of $0.36, although the current payout ratio is recorded at -173.17%.

Institutional Investment Activities

Recently, there has been notable trading activity among institutional investors concerning Brookfield Renewable Partners. GAMMA Investing LLC raised its stake in the company by 86.5% during the third quarter, now holding 953 shares valued at approximately $27,000. Similarly, Wilmington Savings Fund Society FSB acquired new shares valued at about $28,000 in the same quarter, whereas Allworth Financial LP expanded their holdings in the fourth quarter to around $68,000. Waverton Investment Management Ltd and Barclays PLC have also increased their stakes, highlighting a significant institutional interest in the company, with hedge funds and other institutional investors collectively owning 63.16% of Brookfield Renewable Partners’ stock.

Company Overview

Brookfield Renewable Partners L.P. is focused on owning and operating a diverse portfolio of renewable power generating facilities, primarily in North America, Colombia, and Brazil. The company relies on various sources for electricity generation, including hydroelectric, wind, and solar energy, alongside methods such as distributed generation and pumped storage. Brookfield is committed to renewable natural gas, carbon capture, recycling, cogeneration biomass, and energy transformation.

Brookfield, Renewable, Partners