Desjardins Boosts Brookfield Renewable Partners (BEP.UN) Price Target to C$43.00
Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its price objective upped by Desjardins from C$42.50 to C$43.00 in a research note published on Monday morning. They currently have a hold rating on the stock.
TSE BEP.UN opened at C$38.33 on Monday. The stock has a market capitalization of $6.85 billion and a PE ratio of -149.73. Brookfield Renewable Partners has a 1-year low of C$37.78 and a 1-year high of C$45.47. The company has a current ratio of 0.95, a quick ratio of 0.42 and a debt-to-equity ratio of 85.31.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 29th will be paid a $0.515 dividend. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.49. This represents a $2.06 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend is Wednesday, February 27th. Brookfield Renewable Partners’s payout ratio is currently -1,042.97%.
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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