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

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

Brookfield Renewable Partners Stock Performance

Shares of Brookfield Renewable Partners stock opened at C$36.40 on Monday. The stock has a market capitalization of C$10.41 billion, a price-to-earnings ratio of -57.78, a PEG ratio of 8.53 and a beta of 0.79. The firm’s fifty day simple moving average is C$30.64 and its 200-day simple moving average is C$32.49. The company has a debt-to-equity ratio of 99.29, a current ratio of 0.56 and a quick ratio of 0.45. Brookfield Renewable Partners has a 12 month low of C$27.43 and a 12 month high of C$44.13.

Brookfield Renewable Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.355 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.42 annualized dividend and a dividend yield of 3.90%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -306.35%.

About Brookfield Renewable Partners

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.