Positive News Coverage Somewhat Unlikely to Impact Brookfield Renewable Partners (NYSE:BEP) Stock Price

Media stories about Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) have been trending positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Brookfield Renewable Partners earned a daily sentiment score of 0.49 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 46.3461132004076 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have impacted Accern’s rankings:

Shares of Brookfield Renewable Partners stock traded down $0.16 on Thursday, reaching $30.22. 21,438 shares of the company traded hands, compared to its average volume of 107,041. The company has a market cap of $5,400.83, a P/E ratio of -253.15 and a beta of 0.22. Brookfield Renewable Partners has a 12-month low of $28.79 and a 12-month high of $36.00. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.49 per share. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, February 27th. This represents a $1.96 annualized dividend and a yield of 6.49%. Brookfield Renewable Partners’s dividend payout ratio is presently -1,633.20%.

Brookfield Renewable Partners declared that its Board of Directors has approved a stock buyback program on Friday, December 22nd that allows the company to buyback 9,000,000 shares. This buyback authorization allows the utilities provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

A number of research analysts have weighed in on BEP shares. Zacks Investment Research lowered 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 Brookfield Renewable Partners and gave the company a “market perform” rating in a report on Monday, February 12th. National Bank Financial cut their target price on shares of Brookfield Renewable Partners from $36.00 to $35.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 7th. Credit Suisse Group upgraded 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 investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Brookfield Renewable Partners currently has a consensus rating of “Hold” and a consensus price target of $36.45.

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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.

Insider Buying and Selling by Quarter for Brookfield Renewable Partners (NYSE:BEP)

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