Brookfield Renewable Partners L.P. (BEP) To Go Ex-Dividend on February 28th

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) declared a quarterly dividend on Friday, January 31st, NASDAQ Dividends reports. Investors of record on Friday, February 28th will be paid a dividend of 0.373 per share by the utilities provider on Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.36.

Brookfield Renewable Partners has raised its dividend by an average of 5.3% per year over the last three years. Brookfield Renewable Partners has a dividend payout ratio of -232.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Brookfield Renewable Partners to earn ($0.86) per share next year, which means the company may not be able to cover its $1.49 annual dividend with an expected future payout ratio of -173.3%.

Brookfield Renewable Partners Price Performance

Shares of NYSE:BEP opened at $23.12 on Wednesday. The firm has a market capitalization of $6.59 billion, a PE ratio of -25.98 and a beta of 0.95. The company has a current ratio of 0.25, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. Brookfield Renewable Partners has a 1-year low of $19.92 and a 1-year high of $29.56. The business’s 50 day moving average is $22.23 and its 200-day moving average is $24.50.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last posted its quarterly earnings results on Friday, January 31st. The utilities provider reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.16. Brookfield Renewable Partners had a negative net margin of 0.15% and a negative return on equity of 0.03%. During the same quarter in the prior year, the company earned $0.01 EPS. Sell-side analysts predict that Brookfield Renewable Partners will post -1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BEP. National Bankshares dropped their price target on shares of Brookfield Renewable Partners from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. cut their target price on Brookfield Renewable Partners from $30.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. StockNews.com cut Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo & Company reduced their target price on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $31.00 target price on shares of Brookfield Renewable Partners in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.