Brookfield Renewable Partners (TSE:BEP.UN) Price Target Raised to C$40.00 at Desjardins

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its target price lifted by Desjardins from C$38.00 to C$40.00 in a report issued on Thursday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Brookfield Renewable Partners Trading Down 3.6 %

Shares of Brookfield Renewable Partners stock opened at C$36.65 on Thursday. The stock has a market cap of C$10.48 billion, a P/E ratio of -58.17, a P/E/G ratio of 8.53 and a beta of 0.81. The company has a quick ratio of 0.45, a current ratio of 0.56 and a debt-to-equity ratio of 100.62. Brookfield Renewable Partners has a 12-month low of C$27.43 and a 12-month high of C$43.00. The business’s 50 day moving average is C$33.92 and its 200-day moving average is C$33.57.

Brookfield Renewable Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Friday, May 31st. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -307.94%.

About Brookfield Renewable Partners

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.