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

Brookfield Renewable Partners (TSE:BEP.UN - Free Report) NYSE: BEP had its price objective trimmed by Desjardins from C$39.00 to C$37.00 in a research note published on Tuesday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Brookfield Renewable Partners Stock Down 1.0 %

Shares of BEP.UN stock traded down C$0.29 during trading hours on Tuesday, hitting C$28.90. 270,959 shares of the company were exchanged, compared to its average volume of 269,718. Brookfield Renewable Partners has a 52 week low of C$27.43 and a 52 week high of C$44.13. The company has a current ratio of 0.57, a quick ratio of 0.45 and a debt-to-equity ratio of 101.64. The business has a 50 day moving average of C$30.45 and a two-hundred day moving average of C$32.33. The company has a market capitalization of C$8.29 billion, a PE ratio of -67.21, a PEG ratio of 8.53 and a beta of 0.79.

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 represents a $1.42 dividend on an annualized basis and a yield of 4.91%. This is a boost from Brookfield Renewable Partners's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Renewable Partners's dividend payout ratio (DPR) is -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.