Brookfield Renewable Energy Partners (TSE:BEP) Upgraded at UBS Group

UBS Group upgraded shares of Brookfield Renewable Energy Partners (TSE:BEP) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The firm currently has C$31.00 price objective on the stock, up from their prior price objective of C$24.00.

Brookfield Renewable Energy Partners Price Performance

Brookfield Renewable Energy Partners (TSE:BEP) last posted its earnings results on Friday, August 2nd. The company reported C($0.38) EPS for the quarter, missing the consensus estimate of C$0.18 by C($0.56). The company had revenue of C$1.14 billion during the quarter, compared to analyst estimates of C$1.25 billion.

Brookfield Renewable Energy Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a $0.486 dividend. This is an increase from Brookfield Renewable Energy Partners’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Friday, August 30th.

Brookfield Renewable Energy Partners Company Profile

Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms. Its portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals approximately 20,000 megawatts of installed capacity and an approximately 23,000 megawatt development pipeline.