Media headlines about Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) have been trending positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news 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 news sentiment score of 0.50 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.4097695599251 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
BEP has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Brookfield Renewable Partners from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 11th. Raymond James Financial set a $35.00 price target on shares of Brookfield Renewable Partners and gave the stock a “market perform” rating in a research report on Monday, February 12th. National Bank Financial reduced their price target on shares of Brookfield Renewable Partners from $36.00 to $35.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 7th. Credit Suisse Group raised shares of Brookfield Renewable Partners from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 6th. Finally, Guggenheim set a $36.00 price target on shares of Brookfield Renewable Partners and gave the stock a “buy” rating in a research report on Thursday, January 18th. 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. Brookfield Renewable Partners currently has a consensus rating of “Hold” and an average target price of $36.45.
NYSE BEP opened at $30.27 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $5,512.67, a PE ratio of -131.61 and a beta of 0.20. Brookfield Renewable Partners has a 52-week low of $29.80 and a 52-week high of $36.00.
Brookfield Renewable Partners declared that its board has approved a share repurchase program on Friday, December 22nd that permits the company to repurchase 9,000,000 outstanding shares. This repurchase authorization permits the utilities provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Wednesday, February 28th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 6.48%. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, February 27th. Brookfield Renewable Partners’s dividend payout ratio is -852.17%.
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About Brookfield Renewable Partners
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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