Brookfield Renewable Partners (BEP) Given Daily Coverage Optimism Rating of 0.53
News coverage about Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) has been trending very positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brookfield Renewable Partners earned a media sentiment score of 0.53 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.464950163828 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Brookfield Renewable’s (BEP) CEO Sachin Shah on Q4 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
- This Renewable Energy Stock Just Reminded Investors Why It's a Great One to Buy (finance.yahoo.com)
- Brookfield Renewable Announces 2017 Results and 5% Distribution Increase – GlobeNewswire (press release) (globenewswire.com)
- Zacks: Analysts Anticipate Brookfield Renewable Partners LP (BEP) Will Post Quarterly Sales of $720.29 Million (americanbankingnews.com)
- Brookfield Renewable Partners (BEP) Upgraded by Credit Suisse Group to Outperform (americanbankingnews.com)
Several research firms recently commented on BEP. Zacks Investment Research upgraded shares of Brookfield Renewable Partners from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. CIBC lowered shares of Brookfield Renewable Partners from a “sector outperform” rating to a “neutral” rating in a report on Thursday, November 2nd. National Bank Financial cut their price target on shares of Brookfield Renewable Partners from $36.00 to $35.00 and set a “sector perform” rating on the stock in a report on Wednesday. Guggenheim set a $36.00 price target on shares of Brookfield Renewable Partners and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Credit Suisse Group upgraded shares of Brookfield Renewable Partners from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Brookfield Renewable Partners has an average rating of “Hold” and a consensus price target of $37.15.
Brookfield Renewable Partners announced that its Board of Directors has initiated a stock buyback plan on Friday, December 22nd that permits the company to repurchase 9,000,000 shares. This repurchase authorization permits the utilities provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, February 28th will be given a $0.49 dividend. This is an increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.96 annualized dividend and a yield of 6.10%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -1,558.20%.
Brookfield Renewable Partners Company Profile
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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