Brookfield Renewable Partners (TSE:BEP.UN) Hits New 1-Year High – Time to Buy?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$51.42 and last traded at C$50.50, with a volume of 163169 shares traded. The stock had previously closed at C$50.99.

Analyst Upgrades and Downgrades

Separately, Desjardins lifted their price objective on Brookfield Renewable Partners from C$45.00 to C$48.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Brookfield Renewable Partners has an average rating of “Moderate Buy” and a consensus price target of C$41.50.

Brookfield Renewable Partners Stock 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 50-day moving average of C$46.58 and a 200-day moving average of C$42.40. The firm has a market capitalization of C$15.45 billion, a price-to-earnings ratio of -169.83, 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. On average, equities research analysts forecast that Brookfield Renewable Partners LP will post 0.1012093 earnings per share for the current fiscal year.

Brookfield Renewable Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.392 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.57 annualized dividend and a yield of 3.1%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is currently -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.