News stories about Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) have trended very positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brookfield Renewable Partners earned a daily sentiment score of 0.57 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 46.3740921161733 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Have Investors Priced In Brookfield Renewable Partners LP.’s (TSE:BEP.UN) Growth? (finance.yahoo.com)
- Brookfield Renewable Partners LP (BEP) Expected to Announce Quarterly Sales of $720.29 Million (americanbankingnews.com)
- 3 High-Yield Stocks to Hold Forever – Madison.com (host.madison.com)
- Brookfield Renewable Partners LP (BEP) Expected to Post Earnings of $0.01 Per Share (americanbankingnews.com)
BEP has been the topic of a number of analyst reports. Zacks Investment Research upgraded Brookfield Renewable Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Guggenheim set a $36.00 price objective on Brookfield Renewable Partners and gave the company a “buy” rating in a research note on Thursday, January 18th. Credit Suisse Group upgraded Brookfield Renewable Partners from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 6th. National Bank Financial decreased their price objective 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. Finally, Raymond James Financial set a $35.00 price objective on Brookfield Renewable Partners and gave the company a “market perform” rating in a research note on Monday, February 12th. Twelve research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $36.45.
Brookfield Renewable Partners declared that its Board of Directors has authorized 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 purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced 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. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend is Tuesday, February 27th. Brookfield Renewable Partners’s dividend payout ratio is currently -1,633.20%.
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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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