Brookfield Renewable Partners (TSE:BEP.UN) Stock Price Up 6.3% – What’s Next?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s share price was up 6.3% during mid-day trading on Friday . The stock traded as high as C$40.88 and last traded at C$40.74. Approximately 191,079 shares traded hands during trading, a decline of 30% from the average daily volume of 272,544 shares. The stock had previously closed at C$38.31.

Wall Street Analyst Weigh In

Separately, Raymond James Financial upped their target price on shares of Brookfield Renewable Partners from C$33.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Brookfield Renewable Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of C$38.50.

Brookfield Renewable Partners Trading Up 7.2%

The company has a current ratio of 0.52, a quick ratio of 0.45 and a debt-to-equity ratio of 107.80. The firm has a market capitalization of C$12.56 billion, a PE ratio of -47.20, a P/E/G ratio of 8.53 and a beta of 1.23. The business has a 50 day moving average price of C$38.52 and a 200-day moving average price of C$37.81.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last released its earnings results on Friday, January 30th. The company reported C$0.74 EPS for the quarter. The company had revenue of C$2.11 billion during the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%. Analysts expect that Brookfield Renewable Partners LP will post 0.1012093 earnings per share for the current year.

Brookfield Renewable Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a dividend of $0.373 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.49 annualized dividend and a yield of 3.6%. Brookfield Renewable Partners’s payout ratio is currently -169.43%.

Brookfield Renewable Partners Company Profile

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company’s portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 21 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.