Brookfield Renewable Partners (TSE:BEP.UN) Given New C$46.00 Price Target at National Bank Financial

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its target price boosted by National Bank Financial from C$42.50 to C$46.00 in a research report released on Wednesday morning, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

Shares of TSE:BEP.UN opened at C$62.94 on Wednesday. The business’s 50-day moving average is C$58.27 and its 200 day moving average is C$50.60. Brookfield Renewable Partners has a 1 year low of C$33.32 and a 1 year high of C$62.84. The firm has a market capitalization of $11.26 billion and a P/E ratio of 139.87. The company has a debt-to-equity ratio of 64.79, a current ratio of 1.22 and a quick ratio of 0.56.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, November 28th. Brookfield Renewable Partners’s dividend payout ratio is presently 608.89%.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies.

See Also: The benefits and drawbacks of dollar cost averaging

Receive News & Ratings for Brookfield Renewable Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Partners and related companies with's FREE daily email newsletter.