Brookfield Renewable Partners LP (TSE:BEP.UN) Receives Consensus “Moderate Buy” Rating from Brokerages
Brookfield Renewable Partners LP (TSE:BEP.UN – Get Rating) (NYSE:BEP) has received a consensus “moderate buy” recommendation from the thirteen analysts who currently cover the stock, reports Marketbeat Ratings. Three analysts rated the stock with a hold recommendation and ten gave the company a buy recommendation. The 1-year average price target among analysts who have rated the stock over the past year is C$40.59.
Several equity analysts have recently commented on the stock. Mizuho rephrased an “industry performance” rating and set a C$33.00 price target on Brookfield Renewable Partners shares in a Friday, September 30 research report. Credit Suisse Group cut its price target on shares of Brookfield Renewable Partners to C$38.50 and set an “outperform” rating for the company in a Tuesday, Oct. 25 report. Finally, TD Securities began covering shares of Brookfield Renewable Partners in a report on Tuesday, October 18. They issued a “buy” rating and a price target of C$41.00 for the company.
Brookfield Renewable Partners Stock down 1.0%
Shares of Brookfield Renewable Partners opened at C$38.64 on Friday. The company has a 50-day simple moving average of C$42.42 and a 200-day simple moving average of C$45.27. The company has a market capitalization of C$10.63 billion and a P/E ratio of -58.46. The company has a debt ratio of 112.94, a quick ratio of 0.45 and a current ratio of 0.79. Brookfield Renewable Partners has a one-year low of C$38.09 and a one-year high of C$53.09.
Brookfield Renewable Partners Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30. Shareholders of record on Friday, December 30 will receive a dividend of $0.32 per share. This represents a dividend of $1.28 on an annualized basis and a yield of 3.31%. The ex-dividend date is Tuesday, November 29. Brookfield Renewable Partners’ dividend payout ratio is currently -191.19%.
About Brookfield Renewable Partners
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Brookfield Renewable Partners LP has a portfolio of renewable power generation facilities in North America, Colombia, Brazil, Europe and overseas. The company operates through Hydroelectric; Wind; and the Solar, Storage and Others segments. It operates 840 generation facilities using hydro, solar, wind, biomass and other renewable technologies.
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