Brookfield Renewable (TSE:BEPC) Announces Quarterly Earnings Results

Brookfield Renewable (TSE:BEPC) issued its quarterly earnings results on Friday. The company reported C($2.95) earnings per share for the quarter, reports. Brookfield Renewable had a negative net margin of 110.51% and a positive return on equity of 257.80%. The business had revenue of C$1.53 billion during the quarter.

Brookfield Renewable Price Performance

Shares of Brookfield Renewable stock opened at C$46.78 on Friday. The business’s fifty day moving average price is C$51.09 and its 200 day moving average price is C$53.88. Brookfield Renewable has a twelve month low of C$44.86 and a twelve month high of C$63.11. The company has a current ratio of 0.40, a quick ratio of 0.18 and a debt-to-equity ratio of -464.91. The stock has a market capitalization of C$8.53 billion, a P/E ratio of -1.87, a PEG ratio of 0.84 and a beta of 1.21.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a $0.392 dividend. This represents a $1.57 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Renewable’s dividend payout ratio (DPR) is -6.03%.

Analyst Ratings Changes

Separately, Desjardins lifted their price objective on Brookfield Renewable from C$48.00 to C$49.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$49.00.

Brookfield Renewable Company Profile

Brookfield operates Brookfield Renewable Partners (NYSE: BEP, BEPC TSX: BEP.UN, BEPC), one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.