Brookfield Renewable Partners LP (BEP.UN) Given Average Rating of “Hold” by Analysts
Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$39.40.
A number of analysts have commented on BEP.UN shares. CIBC cut shares of Brookfield Renewable Partners from an “outperform” rating to a “neutral” rating and set a C$45.00 price target on the stock. in a research report on Thursday, November 2nd. Barclays PLC cut their price target on shares of Brookfield Renewable Partners from C$46.00 to C$45.00 in a research report on Friday, September 29th.
Brookfield Renewable Partners (TSE:BEP.UN) traded up C$0.11 during trading on Thursday, reaching C$43.15. 57,572 shares of the company were exchanged, compared to its average volume of 120,593. Brookfield Renewable Partners has a 52 week low of C$36.10 and a 52 week high of C$44.99.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.4675 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.87 annualized dividend and a dividend yield of 4.33%.
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About Brookfield Renewable Partners
Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.
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