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Sunday, December 3, 2023

Analyst Expects Brookfield Renewable Partners LP (NYSE: BEP) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Brookfield Renewable Partners LP (BEP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 0.22%, to $22.35. The Brookfield Renewable Partners LP has recorded 3,210 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Brookfield Renewable Reports Strong Third Quarter Results.

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Stocks Info

As a NYSE listed company, BEP falls under the Utilities sector while operating within the Utilities – Renewable industry segment. At the end of the last regular session, the stock closed at $22.30 and fluctuated between $22.69 as its day high and $22.07 as its day low. The current market capitalization of Brookfield Renewable Partners LP is $6.44B. A total of 0.54 million shares were traded on the day, compared to an average of 586.05K shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BEP has seen 14 BUY and 1 SELL insider trades, representing the acquisition of 112,820 and the disposition of 83,800 shares. Over the last 12 months, there were 104 BUYs and 2 SELLs from insiders. Insiders purchased 13,367,770 shares during that period but sold 8,129,800.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. BEP’s most recent ex-dividend date was 11/29/2023 when it declared a $0.3380 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 8/30/2023. The BEP stock dividend was $0.3375 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for BEP in the last 3 months, the mean price target is $32.18 with high estimates of $44.40 and low estimates of $21.00. In terms of 52-week highs and lows, BEP has a high of $32.76 and a low of $19.97.

As of this writing, BEP has an earnings estimate of $0 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 -$0.21. The company reported an EPS of -$0.09 in the last quarter, which was -12.50% lower than expectations of -$0.08.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. BEP’s latest balance sheet shows that the firm has $764.00M in Cash & Short Term Investments as of fiscal 2021. There were $21.99B in debt and $3.22B in liabilities at the time. Its Book Value Per Share was $14.44, while its Total Shareholder’s Equity was $24.00B.

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, 0 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 Buy with a score of 4.33.

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