Brookfield Renewable Partners LP (NYSE: BEP) is -1.71% 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 $22.57 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $22.40, the stock is -1.77% and 0.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing -0.75% at the moment leaves the stock -8.50% off its SMA200. BEP registered -2.18% loss for a year compared to 6-month loss of -17.83%. The firm has a 50-day simple moving average (SMA 50) of $22.2636 and a 200-day simple moving average (SMA200) of $24.4819.
The stock witnessed a -4.15% gain in the last 1 month and extending the period to 3 months gives it a -2.99%, and is -5.29% 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 2.73% over the week and 3.01% over the month.
Brookfield Renewable Partners LP (BEP) has around 5270 employees, a market worth around $6.38B and $5.73B in sales. Profit margin for the company is -4.45%. Distance from 52-week low is 12.45% and -24.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.75%).
with sales reaching $1.73B over the same period.The EPS is expected to grow by 38.88% this year, but quarterly earnings will post 13.91% year-over-year. Quarterly sales are estimated to grow 15.67% in year-over-year returns.
294.0 institutions hold shares in Brookfield Renewable Partners LP (BEP), with institutional investors hold 66.15% of the company’s shares. The shares outstanding are 285.18M, and float is at 275.71M with Short Float at 0.77%. 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 2.7492 of the BEP Shares outstanding. As of 2024-06-30, the second largest holder is PRINCIPAL FINANCIAL GROUP INC with 7.28 million shares valued at $180.2 million to account for 2.5433 of the shares outstanding. The other top investors are ROYAL BANK OF CANADA which holds 11.89 million shares representing 2.4594 and valued at over $294.56 million, while 1832 ASSET MANAGEMENT L.P. holds 2.0156 of the shares totaling 9.75 million with a market value of $241.41 million.
