Brookfield Renewable Energy Partners (TSE:BEP) Upgraded by UBS Group to Strong-Buy

UBS Group upgraded shares of Brookfield Renewable Energy Partners (TSE:BEP) from a hold rating to a strong-buy rating in a research note published on Monday morning, Zacks.com reports.

Brookfield Renewable Energy Partners Stock Performance

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

Brookfield Renewable Energy Partners Increases Dividend

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