Brookfield Renewable (TSE:BEPC) Trading 2.5% Higher – Still a Buy?

Brookfield Renewable Co. (TSE:BEPC)’s stock price traded up 2.5% during mid-day trading on Thursday . The company traded as high as C$50.12 and last traded at C$50.02. 356,028 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 299,933 shares. The stock had previously closed at C$48.79.

Analyst Ratings Changes

Separately, Desjardins lifted their price target on shares of Brookfield Renewable from C$48.00 to C$49.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, Brookfield Renewable presently has an average rating of “Hold” and an average price target of C$49.00.

Brookfield Renewable Stock Performance

The firm has a market cap of C$8.99 billion, a PE ratio of -2.32, a P/E/G ratio of 0.84 and a beta of 1.21. The company has a debt-to-equity ratio of -464.91, a current ratio of 0.40 and a quick ratio of 0.18. The stock has a 50-day moving average price of C$49.83 and a 200 day moving average price of C$53.43.

Brookfield Renewable (TSE:BEPC) last released its earnings results on Friday, July 31st. The company reported C($2.95) earnings per share for the quarter. Brookfield Renewable had a positive return on equity of 257.80% and a negative net margin of 110.51%.The business had revenue of C$1.53 billion for the quarter. Research analysts forecast that Brookfield Renewable Co. will post 2.8461008 earnings per share for the current year.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.392 per share. This represents a $1.57 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, May 29th. Brookfield Renewable’s dividend payout ratio is presently -7.20%.

Brookfield Renewable Company Profile

Brookfield operates Brookfield Renewable Partners (NYSE: BEP, BEPC TSX: BEP.UN, BEPC), one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.