Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) was downgraded by equities researchers at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday, May 24th.
Other equities analysts have also issued research reports about the company. CIBC raised their target price on Brookfield Renewable Partners from C$44.00 to C$45.00 in a research note on Wednesday, March 8th. TD Securities restated a “buy” rating and issued a C$33.00 target price on shares of Brookfield Renewable Partners in a research note on Wednesday, March 8th. Barclays PLC reaffirmed an “equal weight” rating and set a C$43.00 price target on shares of Brookfield Renewable Partners in a research report on Friday, February 3rd. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$33.00 price target on shares of Brookfield Renewable Partners in a research report on Friday, February 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a C$41.00 price target on shares of Brookfield Renewable Partners in a research report on Friday, February 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Brookfield Renewable Partners has an average rating of “Buy” and a consensus price target of C$39.00.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 30th will be given a dividend of $0.4675 per share. This represents a $1.87 annualized dividend and a yield of Infinity. The ex-dividend date of this dividend is Friday, May 26th.
Brookfield Renewable Partners Company Profile
Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.
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