Brookfield Renewable Partners LP to Issue Quarterly Dividend of $0.39 (TSE:BEP.UN)

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) declared a quarterly dividend on Friday, May 29th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.392 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, May 29th.

Brookfield Renewable Partners Trading Up 5.0%

Shares of BEP.UN stock opened at C$50.99 on Wednesday. The stock has a 50-day simple moving average of C$46.08 and a 200 day simple moving average of C$42.23. Brookfield Renewable Partners has a fifty-two week low of C$32.25 and a fifty-two week high of C$51.25. The stock has a market capitalization of C$15.46 billion, a P/E ratio of -169.97, a P/E/G ratio of 8.53 and a beta of 1.06. 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 (TSE:BEP.UN) (NYSE:BEP) last announced its earnings results on Saturday, May 2nd. The company reported C($0.56) earnings per share for the quarter. Brookfield Renewable Partners had a negative net margin of 4.20% and a positive return on equity of 0.46%. The firm had revenue of C$2.10 billion for the quarter. On average, sell-side analysts expect that Brookfield Renewable Partners will post 0.1012093 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Desjardins raised their target price on Brookfield Renewable Partners from C$45.00 to C$48.00 and gave the company a “hold” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$41.50.

Brookfield Renewable Partners Company Profile

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. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.