Brookfield Renewable Partners (BEP) Given News Sentiment Score of 0.36
Press coverage about Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) has trended positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brookfield Renewable Partners earned a daily sentiment score of 0.36 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 46.3014655024134 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Brookfield Renewable Partners LP (BEP) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Analysts Expect Brookfield Renewable Partners LP (BEP) Will Announce Quarterly Sales of $720.05 Million (americanbankingnews.com)
- Brookfield Renewable Partners – Take Advantage Of Renewables … – Seeking Alpha (seekingalpha.com)
- Brookfield Renewable Partners LP (BEP) Expected to Post Earnings of $0.01 Per Share (americanbankingnews.com)
BEP has been the topic of several research reports. Zacks Investment Research upgraded shares of Brookfield Renewable Partners from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Thursday, October 5th. GMP Securities reiterated a “hold” rating and set a $34.50 price objective on shares of Brookfield Renewable Partners in a report on Friday, October 20th. BMO Capital Markets reiterated a “hold” rating and set a $35.00 price objective on shares of Brookfield Renewable Partners in a report on Friday, October 20th. CIBC lowered shares of Brookfield Renewable Partners from a “sector outperform” rating to a “neutral” rating in a report on Thursday, November 2nd. Finally, National Bank Financial upped their price objective on shares of Brookfield Renewable Partners from $35.00 to $45.00 and gave the company a “sector perform” rating in a report on Wednesday, October 18th. Twelve investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $38.39.
Brookfield Renewable Partners announced that its board has authorized a share buyback program on Friday, December 22nd that allows the company to repurchase 9,000,000 outstanding shares. This repurchase authorization allows the utilities provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were issued a $0.468 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date was Wednesday, November 29th. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. Brookfield Renewable Partners’s dividend payout ratio is currently -1,558.33%.
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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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