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

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

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 company a “hold” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$41.50.

Brookfield Renewable Partners Price Performance

The company has a market capitalization of C$15.04 billion, a PE ratio of -165.27, a PEG ratio of 8.53 and a beta of 1.06. The firm has a fifty day moving average of C$45.63 and a two-hundred day moving average of C$42.11. The company has a current ratio of 0.52, a quick ratio of 0.45 and a debt-to-equity ratio of 107.80.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last issued its earnings results on Saturday, May 2nd. The company reported C($0.56) earnings per share for the quarter. The company had revenue of C$2.10 billion for the quarter. Brookfield Renewable Partners had a negative net margin of 4.20% and a positive return on equity of 0.46%. Research analysts anticipate that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be issued a $0.392 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.57 annualized dividend and a yield of 3.2%. Brookfield Renewable Partners’s dividend payout ratio (DPR) 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.