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

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

Brookfield Renewable Partners Trading Up 3.0 %

TSE BEP.UN opened at C$36.40 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.56 and a debt-to-equity ratio of 99.29. The stock’s 50-day simple moving average is C$30.64 and its two-hundred day simple moving average is C$32.49. Brookfield Renewable Partners has a twelve month low of C$27.43 and a twelve month high of C$44.13. The company has a market capitalization of C$10.41 billion, a price-to-earnings ratio of -57.78, a PEG ratio of 8.53 and a beta of 0.79.

Brookfield Renewable Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 28th will be paid a $0.355 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.42 dividend on an annualized basis and a yield of 3.90%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is currently -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.