Desjardins Issues Positive Forecast for Brookfield Renewable (TSE:BEPC) Stock Price

Brookfield Renewable (TSE:BEPC) had its target price boosted by Desjardins from C$48.00 to C$49.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Brookfield Renewable Stock Up 2.7%

Shares of BEPC stock opened at C$47.32 on Thursday. The company has a debt-to-equity ratio of -570.82, a current ratio of 0.33 and a quick ratio of 0.18. Brookfield Renewable has a one year low of C$45.17 and a one year high of C$63.11. The company’s fifty day moving average price is C$51.62 and its 200-day moving average price is C$54.20. The company has a market capitalization of C$8.63 billion, a price-to-earnings ratio of -1.89, a PEG ratio of 0.84 and a beta of 1.21.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.392 per share. This represents a $1.57 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Renewable’s dividend payout ratio is -6.03%.

About Brookfield Renewable

Brookfield operates Brookfield Renewable Partners (NYSE: BEP, BEPC TSX: BEP.UN, BEPC), one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.