Brookfield Renewable Partners (TSE:BEP.UN) Reaches New 1-Year Low – Here’s What Happened

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

Wall Street Analyst Weigh In

Separately, Desjardins lifted their price objective 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 equities 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.com, Brookfield Renewable Partners currently has an average rating of “Moderate Buy” and a consensus target price of C$41.50.

Brookfield Renewable Partners Stock Performance

The firm has a market cap of C$13.83 billion, a price-to-earnings ratio of -152.03, a PEG ratio of 8.53 and a beta of 1.21. The company has a quick ratio of 0.45, a current ratio of 0.52 and a debt-to-equity ratio of 107.80. The company has a 50 day moving average of C$48.24 and a 200 day moving average of C$45.23.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last issued 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 negative net margin of 4.20% and a positive return on equity of 0.46%. The business had revenue of C$2.10 billion for the quarter. As a group, equities research analysts expect that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current fiscal year.

Brookfield Renewable Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.392 per share. This represents a $1.57 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, May 29th. Brookfield Renewable Partners’s dividend payout ratio is -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.