Brookfield Renewable Partners LP (BEP) saw an uptrend of 2.38% in the recent trading with $26.64 being its most recent. The current price level -9.88% lower than the highest price of $29.56 marked by the stock while trading over the past 52-weeks, whereas it is 38.10% higher than the lowest price of $19.29 the company dropped to over past 52-weeks. The latest news story on BEP appeared in (Motley Fool) under the title “Investing $1,000 Into This Top Dividend Stock in July Could Grow to Over $4,250 by 2035” on Jul-02-25.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 8 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.67 for the stock.
Brookfield Renewable Partners LP Earnings – What Happened With BEP
Coming around sales and income figures on BEP Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Brookfield Renewable Partners LP – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 284.11 million. BEP does have institutional investors; and they hold 63.29% of the stock.
As on 2024-06-30, FIL LTD was the top most holder in Brookfield Renewable Partners LP (NYSE:BEP) with an ownership of 13.29 million shares of the company or 2.7492 of the stake worth $328.91 million. The filing also reveals ROYAL BANK OF CANADA as the second largest holder in the company with a control over 2.4594 of the outstanding shares. Its stake is worth $294.56 million for having 11.89 million shares in hand.
1832 ASSET MANAGEMENT L.P. also came holding a key position in the company during the recent quarter and it now holds 2.0156 of the outstanding shares. With this there are now 292.0 institutions which have possession in BEP’s shares.
Key Metrics forBEP
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Brookfield Renewable Partners LP has a debt to equity ratio of 8.75.
Technical Analysis of Brookfield Renewable Partners LP (NYSE:BEP) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Brookfield Renewable Partners LP (BEP), we notice that the stock’s 20-day average volume is at 587,245 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 522,672 shares. And to end, BEP’s 100-day average volume is 596,814 shares with 50% of the long-term indicators pointing towards Buy for the stock.
