National Bank Financial Raises Brookfield Renewable Partners (TSE:BEP.UN) Price Target to C$35.00

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its target price increased by National Bank Financial from C$31.50 to C$35.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Shares of BEP.UN opened at C$46.83 on Wednesday. Brookfield Renewable Partners has a 52 week low of C$33.32 and a 52 week high of C$47.74. The company has a quick ratio of 0.38, a current ratio of 0.98 and a debt-to-equity ratio of 57.35. The stock has a market capitalization of $8.38 billion and a P/E ratio of 125.55. The business has a 50-day moving average of C$45.22.

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were paid a $0.515 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 4.40%. Brookfield Renewable Partners’s payout ratio is 723.86%.

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.

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