Brookfield Renewable Partners LP (BEP.UN) Receives Consensus Rating of “Hold” from Analysts
Shares of Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) have been given a consensus rating of “Hold” by the six research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$39.40.
A number of equities research analysts have recently weighed in on the stock. Barclays PLC dropped their price target on shares of Brookfield Renewable Partners from C$46.00 to C$45.00 in a research report on Friday, September 29th. CIBC downgraded shares of Brookfield Renewable Partners from an “outperform” rating to a “neutral” rating and set a C$45.00 price target for the company. in a research report on Thursday.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 29th will be given a $0.4675 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.87 dividend on an annualized basis and a dividend yield of Infinity.
About Brookfield Renewable Partners
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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