Brookfield Renewable Partners (TSE:BEP.UN) Reaches New 52-Week High – Time to Buy?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) shares hit 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 changing hands. The stock had previously closed at C$50.99.

Analysts Set New Price Targets

Separately, Desjardins boosted their price objective on Brookfield Renewable Partners from C$45.00 to C$48.00 and gave the company a “hold” rating in a 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$41.50.

Brookfield Renewable Partners Stock Performance

The stock has a market cap of C$15.32 billion, a P/E ratio of -168.33, a P/E/G ratio of 8.53 and a beta of 1.06. The company has a fifty day moving average price of C$46.26 and a 200 day moving average price of C$42.28. The company has a debt-to-equity ratio of 107.80, a current ratio of 0.52 and a quick ratio of 0.45.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last announced its quarterly earnings results 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 company had revenue of C$2.10 billion for the quarter. On average, equities analysts expect that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current year.

Brookfield Renewable Partners Announces Dividend

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