Brookfield Renewable Partners (TSE:BEP.UN) Sets New 1-Year Low – Time to Sell?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as C$44.86 and last traded at C$44.27, with a volume of 86196 shares trading hands. The stock had previously closed at C$45.03.

Analyst Upgrades and Downgrades

Separately, Desjardins raised their price objective on 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 equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Brookfield Renewable Partners currently has a consensus rating of “Moderate Buy” and a consensus price target of C$41.50.

Brookfield Renewable Partners Price Performance

The stock has a market capitalization of C$13.50 billion, a P/E ratio of -148.33, a price-to-earnings-growth ratio of 8.53 and a beta of 1.21. The business’s 50 day simple moving average is C$48.36 and its two-hundred day simple moving average is C$45.12. The company has a quick ratio of 0.45, a current ratio of 0.52 and a debt-to-equity ratio of 107.80.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last posted its earnings results on Saturday, May 2nd. The company reported C($0.56) EPS for the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%.The business had revenue of C$2.10 billion for the quarter. As a group, sell-side 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 business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.392 per share. The ex-dividend date was Friday, May 29th. This represents a $1.57 dividend on an annualized basis and a yield of 3.5%. Brookfield Renewable Partners’s payout ratio is -503.67%.

About Brookfield Renewable Partners

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.