Brookfield Renewable Partners LP (BEP) saw an uptrend of 4.32% in the recent trading with $28.01 being its most recent. The current price level -5.24% lower than the highest price of $29.56 marked by the stock while trading over the past 52-weeks, whereas it is 45.20% higher than the lowest price of $19.29 the company dropped to over past 52-weeks. The latest news story on BEP appeared in (Insider Monkey) under the title “Brookfield Renewable Partners L.P. (BEP): Analysts Neutral on This Clean Energy Stock”.
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 1.73 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 (BEP) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 28.93% for net revenue.
BEP – Brookfield Renewable Partners LP Stock Earnings Estimates
The perspective of Brookfield Renewable Partners LP (NYSE:BEP)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.45 for stock’s EPS in the current quarter. Brookfield Renewable Partners LP (BEP) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 28.93% for net revenue. Company’s EPS for the last quarter was -0.32.
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 283.83 million. BEP does have institutional investors; and they hold 37.40% 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 295.0 institutions which have possession in BEP’s shares.
Key Metrics for BEP
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 9.54.
