News stories about Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) have trended positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brookfield Renewable Partners earned a media sentiment score of 0.49 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 46.3461132004076 out of 100, meaning that recent news 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 impacted Accern Sentiment Analysis’s scoring:
- 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 several recent research reports. Guggenheim set a $36.00 price target on Brookfield Renewable Partners and gave the stock a “buy” rating in a research report on Thursday, January 18th. Credit Suisse Group upgraded Brookfield Renewable Partners from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 6th. National Bank Financial lowered their price target on Brookfield Renewable Partners from $36.00 to $35.00 and set a “sector perform” rating for the company in a report on Wednesday, February 7th. Raymond James Financial set a $35.00 price objective on Brookfield Renewable Partners and gave the company a “market perform” rating in a research report on Monday, February 12th. Finally, Zacks Investment Research upgraded Brookfield Renewable Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, February 12th. Twelve 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 company presently has a consensus rating of “Hold” and an average price target of $36.45.
Brookfield Renewable Partners declared that its Board of Directors has authorized a stock 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 repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, February 28th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 6.40%. This is a positive change from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, February 27th. Brookfield Renewable Partners’s payout ratio is presently -1,633.20%.
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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