Brookfield Renewable Partners (BEP) Getting Very Positive Media Coverage, Report Shows

News articles about Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) have been trending very positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brookfield Renewable Partners earned a daily sentiment score of 0.57 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 46.3740921161733 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Several analysts recently commented on the company. Zacks Investment Research raised Brookfield Renewable Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, February 12th. Raymond James Financial set a $35.00 price target on Brookfield Renewable Partners and gave the company a “market perform” rating in a research note on Monday, February 12th. National Bank Financial decreased their price target on Brookfield Renewable Partners from $36.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 7th. Guggenheim set a $36.00 price objective on Brookfield Renewable Partners and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Credit Suisse Group raised Brookfield Renewable Partners from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 6th. Twelve research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $36.45.

Brookfield Renewable Partners (BEP) remained flat at $$32.50 during trading on Monday. The company’s stock had a trading volume of 83,640 shares, compared to its average volume of 108,076. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $5,860.00, a price-to-earnings ratio of -270.83 and a beta of 0.14. Brookfield Renewable Partners has a 1-year low of $28.13 and a 1-year high of $36.00.

Brookfield Renewable Partners declared that its board has approved a share repurchase program on Friday, December 22nd that allows the company to repurchase 9,000,000 outstanding shares. This repurchase authorization allows the utilities provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, February 28th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.96 dividend on an annualized basis and a yield of 6.03%. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. Brookfield Renewable Partners’s payout ratio is currently -1,558.33%.

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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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