Brookfield Renewable Partners (TSE:BEP.UN) Price Target Lowered to C$37.00 at Desjardins

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its target price reduced by Desjardins from C$39.00 to C$37.00 in a research report report published on Tuesday morning, BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

Brookfield Renewable Partners Stock Down 1.0 %

Shares of TSE:BEP.UN opened at C$28.90 on Tuesday. Brookfield Renewable Partners has a 1 year low of C$27.43 and a 1 year high of C$44.13. The company has a market capitalization of C$8.29 billion, a PE ratio of -67.21, a price-to-earnings-growth ratio of 8.53 and a beta of 0.79. The business has a fifty day moving average price of C$30.45 and a two-hundred day moving average price of C$32.33. The company has a debt-to-equity ratio of 101.64, a current ratio of 0.57 and a quick ratio of 0.45.

Brookfield Renewable Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were paid a $0.355 dividend. This is an increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.42 annualized dividend and a yield of 4.91%. Brookfield Renewable Partners’s dividend payout ratio is presently -448.84%.

Brookfield Renewable Partners Company Profile

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.