Brookfield Renewable Partners (TSE:BEP.UN) Hits New 52-Week High – Still a Buy?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s share price reached a new 52-week high during 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 changing hands. The stock had previously closed at C$51.06.

Wall Street Analyst Weigh In

Separately, Desjardins upped their target price 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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from 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 company has a 50 day simple moving average of C$47.23 and a 200 day simple moving average of C$42.67. 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 capitalization of C$15.42 billion, a price-to-earnings ratio of -169.50, a price-to-earnings-growth ratio of 8.53 and a beta of 1.06.

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. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%.The company had revenue of C$2.10 billion during the quarter. As a group, research analysts predict that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a $0.392 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.57 annualized dividend and a dividend yield of 3.1%. Brookfield Renewable Partners’s dividend payout ratio is presently -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.