Brookfield Renewable Partners LP (NYSE: BEP) is -8.73% lower on its value in year-to-date trading and has touched a low of $19.92 and a high of $29.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BEP stock was last observed hovering at around $20.03 in the last trading session, with the day’s gains setting it 0.77%.
Currently trading at $20.80, the stock is -6.49% and -12.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing 3.84% at the moment leaves the stock -16.88% off its SMA200. BEP registered -18.97% loss for a year compared to 6-month loss of -16.23%. The firm has a 50-day simple moving average (SMA 50) of $23.8744 and a 200-day simple moving average (SMA200) of $25.0308.
The stock witnessed a -7.92% gain in the last 1 month and extending the period to 3 months gives it a -28.00%, and is -0.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.84% over the week and 3.23% over the month.
Fwd P/E is 80.10. Profit margin for the company is -4.21%. Distance from 52-week low is 4.42% and -29.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.80%).
The EPS is expected to shrink by -48.96% this year
295.0 institutions hold shares in Brookfield Renewable Partners LP (BEP), with institutional investors hold 66.15% of the company’s shares. The shares outstanding are 285.11M, and float is at 275.47M with Short Float at 0.40%. Institutions hold 66.15% of the Float.
The top institutional shareholder in the company is FIL LTD with over 13.29 million shares valued at $328.91 million. The investor’s holdings represent 4.6471 of the BEP Shares outstanding. As of 2024-06-30, the second largest holder is ROYAL BANK OF CANADA with 11.89 million shares valued at $294.56 million to account for 4.1573 of the shares outstanding. The other top investors are 1832 ASSET MANAGEMENT L.P. which holds 9.75 million shares representing 3.4072 and valued at over $241.41 million, while PRINCIPAL FINANCIAL GROUP INC holds 2.5433 of the shares totaling 7.28 million with a market value of $180.2 million.
