Brookfield Renewable Partners L.P. Analysts Set Price Target at $30.50

As of March 24th, 2025, Brookfield Renewable Partners L.P. (NYSE:BEP) has received a consensus recommendation of "Buy" from nine analysts monitoring the stock, according to recent reports. Among these analysts, eight have assigned a buy rating, while one has given a strong buy recommendation. The average target price for Brookfield Renewable Partners, based on the latest analyses, stands at $30.50 for the next twelve months.

Several financial institutions have recently revised their price targets for BEP shares. For instance, on February 3rd, Wells Fargo & Company lowered their price target from $31.00 to $29.00, maintaining an "overweight" rating. Shortly after, on February 11th, National Bankshares reduced their price target from $32.00 to $30.00, while marking the stock with an "outperform" rating. CIBC also adjusted their target down from $32.00 to $31.00, giving an "outperformer" rating on February 3rd. On February 13th, Scotiabank increased its target for Brookfield Renewable Partners from $28.00 to $29.00, rating it as "outperform." However, on February 25th, StockNews.com changed their stance, lowering BEP shares from a "hold" to a "sell" rating.

Brookfield Renewable Partners Stock Overview

On the trading floor, BEP opened at $23.77 on Friday. With a market capitalization of $6.77 billion, the stock's price-to-earnings ratio is currently -26.71. The fifty-day moving average price for the stock is $22.15, while the two-hundred-day moving average price is $24.29. Notably, Brookfield Renewable Partners experienced a 1-year low of $19.92 and a 1-year high of $29.56. Its current ratio is 0.25, and the quick ratio stands at 0.73, with a debt-to-equity ratio of 0.93.

Brookfield Renewable Partners recently announced its earnings on January 31st. The company posted earnings of ($0.06) per share for the quarter, exceeding analyst expectations of ($0.22) by $0.16. Despite this, Brookfield Renewable Partners has a negative net margin of 0.15% and a negative return on equity of 0.03%. Compared to the same period last year, which saw an earnings per share of $0.01, analysts predict that the firm will record an EPS of -1.04 for the current fiscal year.

Dividend Updates

The company also announced an increase in its quarterly dividend. The next dividend of $0.373 per share will be paid on March 31st to investors on record as of February 28th. This raises the annualized dividend to $1.49, providing an attractive yield of 6.28%. The ex-dividend date is set for March 28th, reflecting an increase from the previous quarterly payout of $0.36, although Brookfield Renewable Partners currently has a dividend payout ratio of -167.42%.

Institutional Ownership Trends

Recently, several hedge funds and institutional investors have adjusted their holdings in Brookfield Renewable Partners. The Royal Bank of Canada raised its stake by 1.3% in the last quarter, owning 16,465,478 shares valued at $375,248,000 after buying an additional 211,467 shares. In the same quarter, CIBC Asset Management Inc increased its holdings by 23.8%, now owning 8,472,170 shares worth $192,605,000 due to acquiring 1,628,524 shares. Moreover, Principal Financial Group raised its stake by 3.2%, now owning 7,851,842 shares valued at $178,943,000. Bank of Montreal Can also lifted its position by 4.7%, owning 7,059,557 shares worth $160,585,000 after purchasing additional shares. Cibc World Market Inc. increased its stake by 4.4%, now controlling 2,751,587 shares worth $62,647,000. Overall, institutional investors currently own 63.16% of Brookfield Renewable Partners’ stock.

Company Insight

Brookfield Renewable Partners L.P. operates a range of renewable power generating facilities mainly situated in North America, Colombia, and Brazil. The company utilizes various methods to produce electricity, including hydroelectric, wind, solar, and pumped storage solutions, alongside renewable natural gas, carbon capture and storage, recycling, co-generation biomass, nuclear services, and power transformation.

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