Brookfield Renewable Partners (TSE:BEP.UN) Shares Up 6.3% – Time to Buy?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s stock price traded up 6.3% during mid-day trading on Friday . The company traded as high as C$40.88 and last traded at C$40.74. 191,079 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 272,544 shares. The stock had previously closed at C$38.31.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial upped their price target on shares of Brookfield Renewable Partners from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Brookfield Renewable Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.50.

Brookfield Renewable Partners Trading Up 7.2%

The business’s fifty day simple moving average is C$38.52 and its two-hundred day simple moving average is C$37.81. 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 market cap of C$12.56 billion, a price-to-earnings ratio of -47.20, a PEG ratio of 8.53 and a beta of 1.23.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last announced its quarterly earnings results on Friday, January 30th. The company reported C$0.74 EPS for the quarter. Brookfield Renewable Partners had a negative net margin of 4.20% and a positive return on equity of 0.46%. The firm had revenue of C$2.11 billion for the quarter. On average, equities analysts predict that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current year.

Brookfield Renewable Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.373 dividend. The ex-dividend date was Friday, November 28th. This represents a $1.49 dividend on an annualized basis and a yield of 3.6%. Brookfield Renewable Partners’s payout ratio is currently -169.43%.

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.