Brookfield Renewable Partners (TSE:BEP.UN) Price Target Raised to C$35.00 at Raymond James Financial

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its target price raised by Raymond James Financial from C$33.00 to C$35.00 in a research report report published on Wednesday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Separately, Desjardins raised their target price on shares of Brookfield Renewable Partners from C$40.00 to C$42.00 and gave the company a “hold” rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$38.50.

Brookfield Renewable Partners Stock Down 2.3%

Shares of TSE:BEP.UN opened at C$42.81 on Wednesday. The firm’s 50 day moving average price is C$36.86 and its 200 day moving average price is C$35.02. The stock has a market cap of C$12.15 billion, a price-to-earnings ratio of -44.59, a price-to-earnings-growth ratio of 8.53 and a beta of 1.15. Brookfield Renewable Partners has a fifty-two week low of C$27.50 and a fifty-two week high of C$45.73. The company has a quick ratio of 0.45, a current ratio of 0.52 and a debt-to-equity ratio of 107.80.

Brookfield Renewable Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.373 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.49 dividend on an annualized basis and a yield of 3.5%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -151.67%.

About Brookfield Renewable Partners

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company’s portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 21 gigawatts of installed capacity.