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

(Get an assessment)

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.

Further reading

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Brookfield Renewable Partners, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Brookfield Renewable Partners was not on the list.

Although Brookfield Renewable Partners currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here