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Wednesday, March 22, 2023

Momentum Is Strong For Brookfield Renewable Partners L.P. (NYSE: BEP)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Brookfield Renewable Partners L.P. (BEP) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.055, or -0.19%, to $28.275. The Brookfield Renewable Partners L.P. has recorded 6,048 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Scout Clean Energy Accepts Final Delivery of GE Turbines for Sweetland Wind Farm.


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Stocks Info

This NYSE-listed company operates within the Utilities – Renewable industry segment, falling under the Utilities sector. At the end of the last regular session, the stock closed at $28.33 and fluctuated between $28.34 as its day high and $27.46 as its day low. The current market capitalization of Brookfield Renewable Partners L.P. is $7.80B. A total of 0.57 million shares were traded on the day, compared to an average of 396.53K shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, BEP has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 0 SELLs from insiders. Insiders purchased 0 shares during that period but sold 0.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. BEP’s most recent ex-dividend date was 2/27/2023 when it declared a $0.3380 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 11/29/2022. The BEP stock dividend was $0.32 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BEP in the last 3 months, the mean price target is $37.29 with high estimates of $44.00 and low estimates of $31.00. In terms of 52-week highs and lows, BEP has a high of $41.95 and a low of $24.13.

As of this writing, BEP has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.29 per share and a lower estimate of -$0.48. The company reported an EPS of -$0.25 in the last quarter, which was -257.10% lower than expectations of -$0.07.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BEP is Underweight with a score of 4.20. A total of 10 analysts rated the stock as Buy while 2 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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