Brookfield Renewable Partners (TSE:BEP.UN) Price Target Raised to C$42.00

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its price objective boosted by Desjardins from C$40.00 to C$42.00 in a report published on Wednesday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Brookfield Renewable Partners Price Performance

Shares of BEP.UN stock opened at C$37.32 on Wednesday. The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52. Brookfield Renewable Partners has a fifty-two week low of C$27.50 and a fifty-two week high of C$40.84. The firm has a market cap of C$10.64 billion, a P/E ratio of -42.90, a P/E/G ratio of 8.53 and a beta of 0.89. The business’s 50 day moving average price is C$34.51 and its 200-day moving average price is C$32.59.

Brookfield Renewable Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were given a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Friday, May 30th. Brookfield Renewable Partners’s dividend payout ratio is currently -219.54%.

Insider Activity

In other Brookfield Renewable Partners news, Senior Officer Nancy Patricia Dorn purchased 2,470 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The stock was bought at an average cost of C$42.52 per share, for a total transaction of C$105,028.80.

Brookfield Renewable Partners Company Profile

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company’s portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 21 gigawatts of installed capacity.