Brookfield Renewable Partners (TSE:BEP.UN) Price Target Raised to C$38.00 at Desjardins

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its price target lifted by Desjardins from C$37.00 to C$38.00 in a report published on Monday, BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

Brookfield Renewable Partners Stock Up 2.3 %

Shares of BEP.UN opened at C$36.95 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.45 and a debt-to-equity ratio of 99.29. Brookfield Renewable Partners has a 12 month low of C$27.43 and a 12 month high of C$44.13. The stock’s 50 day moving average is C$30.88 and its two-hundred day moving average is C$32.57. The firm has a market cap of C$10.57 billion, a P/E ratio of -58.65, a PEG ratio of 8.53 and a beta of 0.79.

Brookfield Renewable Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be given a dividend of $0.355 per share. The ex-dividend date is Friday, May 31st. This represents a $1.42 dividend on an annualized basis and a yield of 3.84%. Brookfield Renewable Partners’s payout ratio is -306.35%.

About Brookfield Renewable Partners

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.