Brookfield Renewable Partners LP (TSE:BEP.UN – Get Rating) (NYSE:BEP) announced a quarterly dividend on Monday, May 30th, TickerTech reports. Shareholders of record on Thursday, June 30th will be paid a dividend of 0.32 per share on Thursday, June 30th. This represents a $1.28 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Monday, May 30th.
Shares of TSE:BEP.UN opened at C$46.70 on Friday. The business’s fifty day moving average price is C$47.32 and its two-hundred day moving average price is C$45.75. Brookfield Renewable Partners has a fifty-two week low of C$39.24 and a fifty-two week high of C$52.98. The stock has a market capitalization of C$12.85 billion and a price-to-earnings ratio of -71.08. The company has a debt-to-equity ratio of 90.89, a current ratio of 0.58 and a quick ratio of 0.35.
A number of brokerages have weighed in on BEP.UN. TD Securities upgraded Brookfield Renewable Partners to a “buy” rating and set a C$41.00 price target on the stock in a research report on Monday, May 9th. Tudor Pickering restated a “buy” rating and set a C$39.00 target price on shares of Brookfield Renewable Partners in a report on Tuesday, February 1st. Tudor Pickering & Holt set a C$39.00 target price on Brookfield Renewable Partners and gave the stock a “buy” rating in a report on Monday, February 7th. Industrial Alliance Securities cut Brookfield Renewable Partners to a “hold” rating in a report on Friday, March 25th. Finally, Raymond James restated an “outperform” rating and set a C$53.00 target price on shares of Brookfield Renewable Partners in a report on Monday, February 7th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Brookfield Renewable Partners has an average rating of “Buy” and an average price target of C$43.46.
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.
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