Wall Street brokerages expect that Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) will post $720.29 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Brookfield Renewable Partners’ earnings. The highest sales estimate is $727.47 million and the lowest is $713.10 million. Brookfield Renewable Partners posted sales of $571.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 26.1%. The company is expected to announce its next earnings results before the market opens on Wednesday, February 7th.

On average, analysts expect that Brookfield Renewable Partners will report full year sales of $720.29 million for the current financial year, with estimates ranging from $2.64 billion to $3.06 billion. For the next year, analysts anticipate that the business will report sales of $3.01 billion per share, with estimates ranging from $2.90 billion to $3.15 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Brookfield Renewable Partners.

Several brokerages have recently weighed in on BEP. BMO Capital Markets reiterated a “hold” rating and issued a $35.00 price target on shares of Brookfield Renewable Partners in a research report on Friday, October 20th. Zacks Investment Research cut Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. National Bank Financial lifted their price target on Brookfield Renewable Partners from $35.00 to $45.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 18th. GMP Securities reiterated a “hold” rating and issued a $34.50 price target on shares of Brookfield Renewable Partners in a research report on Friday, October 20th. Finally, CIBC cut Brookfield Renewable Partners from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Brookfield Renewable Partners has an average rating of “Hold” and a consensus price target of $37.15.

A number of institutional investors have recently bought and sold shares of the stock. Brookfield Asset Management Inc. grew its position in Brookfield Renewable Partners by 9.7% during the second quarter. Brookfield Asset Management Inc. now owns 56,068,944 shares of the utilities provider’s stock worth $1,786,357,000 after buying an additional 4,943,000 shares in the last quarter. TD Asset Management Inc. grew its position in Brookfield Renewable Partners by 0.4% during the third quarter. TD Asset Management Inc. now owns 3,384,550 shares of the utilities provider’s stock worth $113,148,000 after buying an additional 12,896 shares in the last quarter. Scotia Capital Inc. grew its position in Brookfield Renewable Partners by 19.5% during the second quarter. Scotia Capital Inc. now owns 2,527,595 shares of the utilities provider’s stock worth $80,466,000 after buying an additional 412,554 shares in the last quarter. Principal Financial Group Inc. grew its position in Brookfield Renewable Partners by 1.5% during the third quarter. Principal Financial Group Inc. now owns 2,428,721 shares of the utilities provider’s stock worth $81,411,000 after buying an additional 36,368 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in Brookfield Renewable Partners by 166.4% during the fourth quarter. CIBC Asset Management Inc now owns 1,724,407 shares of the utilities provider’s stock worth $60,353,000 after buying an additional 1,077,118 shares in the last quarter. Institutional investors and hedge funds own 54.19% of the company’s stock.

Brookfield Renewable Partners (BEP) traded up $0.10 during trading hours on Wednesday, reaching $32.12. The company’s stock had a trading volume of 159,510 shares, compared to its average volume of 109,110. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.74. Brookfield Renewable Partners has a twelve month low of $28.13 and a twelve month high of $36.00. The stock has a market capitalization of $5,773.71, a P/E ratio of -267.64 and a beta of 0.16.

Brookfield Renewable Partners declared that its board has approved a stock buyback program on Friday, December 22nd that allows the company to buyback 9,000,000 shares. This buyback authorization allows the utilities provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, February 28th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 6.10%. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, February 27th. Brookfield Renewable Partners’s payout ratio is presently -1,558.20%.

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Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.

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