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

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

Brookfield Renewable Partners Trading Up 4.3 %

Shares of BEP.UN stock opened at C$35.34 on Tuesday. The company has a debt-to-equity ratio of 101.64, a quick ratio of 0.45 and a current ratio of 0.57. The company has a market capitalization of C$10.14 billion, a price-to-earnings ratio of -82.19, a PEG ratio of 8.53 and a beta of 0.79. 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 50-day simple moving average of C$30.45 and a two-hundred day simple moving average of C$32.34.

Brookfield Renewable Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.02%. This is an increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, February 28th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -448.84%.

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.