Stocks

Brookfield Renewable Partners (NYSE:BEP) Sets New 52-Week Low - Should You Sell?

Published January 26, 2025

Brookfield Renewable Partners L.P. (NYSE:BEP - Get Free Report) recently reached a new 52-week low during trading, hitting $19.92 and last trading at $20.03. The volume of shares traded was 1,605,650, while the stock had closed previously at $20.69.

Wall Street Analyst Opinions

Several research firms have provided their analyses regarding Brookfield Renewable Partners. The National Bankshares downgraded the company's target price from $33.00 to $32.00 while maintaining an "outperform" rating. On the other hand, the Royal Bank of Canada reaffirmed an "outperform" rating, setting a price target of $31.00. CIBC raised their price target from $39.00 to $40.00 with an "outperform" rating. Meanwhile, JPMorgan Chase & Co. reduced their target from $30.00 to $28.00 while keeping an "overweight" rating. UBS Group upgraded the company's rating from "neutral" to "buy", increasing their price target from $24.00 to $31.00. Currently, one analyst has issued a sell rating, eight analysts rated it as a buy, and one as a strong buy. MarketBeat.com reports a consensus rating of "Moderate Buy" with a target price of $31.78.

Brookfield Renewable Partners Performance

The stock has shown a slight increase of 2.9%. The company maintains a debt-to-equity ratio of 0.93. It has a market cap of $6.10 billion, a negative P/E ratio of -26.09, and a beta of 0.95. Its 50-day simple moving average stands at $23.52, while the 200-day simple moving average is at $24.93.

Recent Earnings Announcement

On November 8, Brookfield Renewable Partners released its quarterly earnings report, posting an EPS of ($0.32), which missed analyst estimates of ($0.04) by $0.28. The company reported revenues of $1.47 billion, significantly higher than the consensus estimate of $843.18 million. The firm's net margin was 1.16%, and the return on equity stood at 0.24%. In the same quarter last year, the EPS was ($0.14). Analysts expect the company will report an EPS of -0.88 for the current fiscal year.

Dividend Report

The firm recently announced a quarterly dividend of $0.355, paid to shareholders on December 31. The ex-dividend date was November 29. This brings the annualized dividend to $1.42, resulting in a yield of 6.64%. However, the payout ratio is currently listed at -173.17%.

Institutional Investment Activity

Hedge funds have been active in buying and selling shares of Brookfield Renewable Partners. For instance, Principal Financial Group Inc. increased its holdings by 4.5%, acquiring over 330,000 shares. Bank of Montreal Can also increased its stake by 0.4%, now owning 6,744,285 shares. CIBC World Market Inc. increased its position by 4.4% and CCLA Investment Management grew its ownership by 1.9% during recent quarters. Currently, institutional investors hold 63.16% of the stock.

Company Overview

Brookfield Renewable Partners L.P. manages a diverse portfolio of renewable energy facilities located mainly in North America, Colombia, and Brazil. The company generates electricity from various sources, including hydroelectric, wind, solar, pumped storage, and renewable natural gas, while also engaging in activities such as carbon capture and recycling.

Final Thoughts

As Brookfield Renewable Partners experienced a significant drop recently, investors may be weighing their options regarding the stock. Analysts have mixed views; while the consensus rating is a "Moderate Buy", some advocate caution given the company's recent financial performance. Investors should consider their long-term strategy and the company's potential in the renewable energy sector before making buy or sell decisions.

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