Brookfield Renewable Partners L.P. (NYSE:BEP – Get Free Report) (TSE:BEP) declared a quarterly dividend on Friday, May 1st. Stockholders of record on Friday, May 29th will be paid a dividend of 0.392 per share by the utilities provider on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, May 29th.
Brookfield Renewable Partners has decreased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Brookfield Renewable Partners has a payout ratio of -15,600.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Brookfield Renewable Partners to earn ($1.32) per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of -118.2%.
Brookfield Renewable Partners Trading Up 3.9%
Shares of BEP opened at $36.91 on Wednesday. Brookfield Renewable Partners has a 52-week low of $23.52 and a 52-week high of $37.09. The business’s fifty day moving average is $33.52 and its 200-day moving average is $30.66. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of -119.06 and a beta of 1.06.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Brookfield Renewable Partners in a research report on Friday, March 27th. Wall Street Zen lowered Brookfield Renewable Partners from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. TD boosted their price objective on Brookfield Renewable Partners from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on Brookfield Renewable Partners from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, National Bank Financial boosted their price objective on Brookfield Renewable Partners from $34.00 to $36.00 and gave the stock a “sector outperform” rating in a research report on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.21.
Get Our Latest Research Report on Brookfield Renewable Partners
Brookfield Renewable Partners Company Profile
Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy.
The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.
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