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

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

Wall Street Analyst Weigh In

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 analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$41.50.

Brookfield Renewable Partners Stock Up 1.1%

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 cap of C$15.66 billion, a price-to-earnings ratio of -172.13, a PEG ratio of 8.53 and a beta of 1.06. The firm has a 50-day moving average of C$46.73 and a two-hundred day moving average of C$42.46.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last posted its quarterly earnings data on Saturday, May 2nd. The company reported C($0.56) earnings per share 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 predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be given a dividend of $0.392 per share. This represents a $1.57 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Renewable Partners’s 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.