Desjardins Boosts Brookfield Renewable Partners (TSE:BEP.UN) Price Target to C$38.00

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its price target upped by Desjardins from C$37.00 to C$38.00 in a report released on Monday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Brookfield Renewable Partners Price Performance

TSE:BEP.UN opened at C$37.68 on Monday. The stock’s 50-day simple moving average is C$31.03 and its 200 day simple moving average is C$32.61. 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 debt-to-equity ratio of 99.29, a quick ratio of 0.45 and a current ratio of 0.56. The company has a market cap of C$10.78 billion, a P/E ratio of -59.81, a P/E/G ratio of 8.53 and a beta of 0.79.

Brookfield Renewable Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Friday, May 31st. Brookfield Renewable Partners’s payout ratio is presently -306.35%.

Brookfield Renewable Partners Company Profile

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.