Brookfield Renewable Partners (TSE:BEP.UN) Hits New 52-Week High – What’s Next?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) reached a new 52-week high on Friday . The stock traded as high as C$49.35 and last traded at C$49.35, with a volume of 111185 shares traded. The stock had previously closed at C$48.67.

Analysts Set New Price Targets

Separately, Desjardins increased their price objective on Brookfield Renewable Partners from C$45.00 to C$48.00 and gave the stock a “hold” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$41.50.

Brookfield Renewable Partners Price Performance

The stock has a market cap of C$15.04 billion, a P/E ratio of -165.27, a price-to-earnings-growth ratio of 8.53 and a beta of 1.06. The firm has a 50-day moving average price of C$45.63 and a 200-day moving average price of C$42.11. The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last issued its quarterly earnings results on Saturday, May 2nd. The company reported C($0.56) earnings per share for the quarter. The firm had revenue of C$2.10 billion during 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 forecast that Brookfield Renewable Partners LP will post 0.1012093 earnings per share for the current fiscal year.

Brookfield Renewable Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a $0.392 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 3.2%. Brookfield Renewable Partners’s dividend payout ratio 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.