Brookfield Renewable (TSE:BEPC) Price Target Raised to C$49.00

Brookfield Renewable (TSE:BEPC) had its target price raised by Desjardins from C$48.00 to C$49.00 in a research note released on Thursday,BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

Brookfield Renewable Price Performance

TSE:BEPC opened at C$47.34 on Thursday. The firm has a market cap of C$8.63 billion, a PE ratio of -1.89, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. The company’s 50-day moving average price is C$51.57 and its two-hundred day moving average price is C$54.15. Brookfield Renewable has a 12 month low of C$45.17 and a 12 month high of C$63.11. The company has a quick ratio of 0.18, a current ratio of 0.33 and a debt-to-equity ratio of -570.82.

Brookfield Renewable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.392 per share. The ex-dividend date was Friday, May 29th. This represents a $1.57 dividend on an annualized basis and a yield of 3.3%. Brookfield Renewable’s payout ratio is -6.03%.

About Brookfield Renewable

Brookfield operates Brookfield Renewable Partners (NYSE: BEP, BEPC TSX: BEP.UN, BEPC), one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.