Brookfield Renewable Partners LP (NYSE: BEP) is 13.21% higher on its value in year-to-date trading and has touched a low of $19.29 and a high of $29.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BEP stock was last observed hovering at around $23.96 in the last trading session, with the day’s gains setting it 1.84%.
Currently trading at $25.80, the stock is 7.37% and 12.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.77 million and changing 7.68% at the moment leaves the stock 7.70% off its SMA200. BEP registered -7.63% loss for a year compared to 6-month loss of 2.58%. The firm has a 50-day simple moving average (SMA 50) of $22.8548 and a 200-day simple moving average (SMA200) of $23.95625.
The stock witnessed a 13.61% gain in the last 1 month and extending the period to 3 months gives it a 11.74%, and is 8.81% up 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 4.44% over the week and 2.61% over the month.
Brookfield Renewable Partners LP (BEP) has around 5270 employees, a market worth around $7.33B and $5.86B in sales. Fwd P/E is 37.43. Profit margin for the company is -4.93%. Distance from 52-week low is 33.75% and -12.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.86%).
The EPS is expected to grow by 151.95% this year.
Brookfield Renewable Partners LP (BEP) Top Institutional Holders
291.0 institutions hold shares in Brookfield Renewable Partners LP (BEP), with institutional investors hold 63.10% of the company’s shares. The shares outstanding are 284.11M, and float is at 273.87M with Short Float at 0.47%. Institutions hold 63.10% 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 ROYAL BANK OF CANADA with 11.89 million shares valued at $294.56 million to account for 2.4594 of the shares outstanding. The other top investors are 1832 ASSET MANAGEMENT L.P. which holds 9.75 million shares representing 2.0156% and valued at over $241.41 million, while PRINCIPAL FINANCIAL GROUP INC holds 1.5046 of the shares totaling 7.28 million with a market value of $180.2 million.
