Brookfield Renewable Partners (TSE:BEP.UN) Sets New 52-Week Low – Time to Sell?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as C$45.17 and last traded at C$46.23, with a volume of 196434 shares. The stock had previously closed at C$45.31.

Analysts Set New Price Targets

Separately, Desjardins boosted 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 report on Friday, April 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company 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 current ratio of 0.52, a quick ratio of 0.45 and a debt-to-equity ratio of 107.80. The company has a market capitalization of C$14.17 billion, a PE ratio of -155.70, a price-to-earnings-growth ratio of 8.53 and a beta of 1.21. The stock’s 50-day moving average is C$48.44 and its two-hundred day moving average is C$44.98.

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

Brookfield Renewable Partners Dividend Announcement

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