Brookfield Renewable Partners (TSE:BEP.UN) Sets New 1-Year High – Here’s Why

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) reached a new 52-week high on Wednesday . The stock traded as high as C$52.86 and last traded at C$51.75, with a volume of 111381 shares trading hands. The stock had previously closed at C$51.06.

Analyst Upgrades and Downgrades

Separately, Desjardins increased their target price on shares of Brookfield Renewable Partners from C$45.00 to C$48.00 and gave the company a “hold” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$41.50.

Brookfield Renewable Partners Trading Up 1.1%

The stock has a market cap of C$15.66 billion, a P/E ratio of -172.13, a PEG ratio of 8.53 and a beta of 1.06. The company has a debt-to-equity ratio of 107.80, a current ratio of 0.52 and a quick ratio of 0.45. The business’s 50 day simple moving average is C$46.73 and its 200 day simple moving average is C$42.46.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last announced its quarterly earnings results on Saturday, May 2nd. The company reported C($0.56) EPS for the quarter. The business had revenue of C$2.10 billion for the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%. On average, analysts expect that Brookfield Renewable Partners LP will post 0.1012093 earnings per share for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.392 per share. The ex-dividend date is Friday, May 29th. This represents a $1.57 dividend on an annualized basis and a yield of 3.0%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is currently -503.67%.

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.