Brookfield Renewable Partners L.P. (NYSE:BEP) Plans $0.39 Quarterly Dividend

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) declared a quarterly dividend on Friday, May 1st. Shareholders of record on Friday, May 29th will be given a dividend of 0.392 per share by the utilities provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, May 29th.

Brookfield Renewable Partners has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Brookfield Renewable Partners has a payout ratio of -15,600.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Brookfield Renewable Partners to earn ($0.83) per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of -188.0%.

Brookfield Renewable Partners Stock Performance

BEP stock traded up $0.22 during midday trading on Friday, reaching $33.33. 1,610,082 shares of the company were exchanged, compared to its average volume of 784,073. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.57 and a quick ratio of 0.57. The business has a 50-day moving average price of $32.40 and a two-hundred day moving average price of $30.07. Brookfield Renewable Partners has a one year low of $22.17 and a one year high of $35.97. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of -128.18 and a beta of 1.07.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last released its quarterly earnings data on Friday, May 1st. The utilities provider reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.14). Brookfield Renewable Partners had a return on equity of 2.15% and a net margin of 11.11%.The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Equities research analysts forecast that Brookfield Renewable Partners will post -0.87 EPS for the current year.

Institutional Investors Weigh In On Brookfield Renewable Partners

Institutional investors have recently modified their holdings of the business. Kelleher Financial Advisors bought a new stake in shares of Brookfield Renewable Partners in the third quarter valued at about $26,000. Russell Investments Group Ltd. bought a new stake in shares of Brookfield Renewable Partners in the second quarter valued at about $34,000. CENTRAL TRUST Co bought a new stake in shares of Brookfield Renewable Partners in the first quarter valued at about $55,000. Root Financial Partners LLC bought a new stake in shares of Brookfield Renewable Partners in the third quarter valued at about $46,000. Finally, Triumph Capital Management bought a new stake in shares of Brookfield Renewable Partners in the third quarter valued at about $55,000. Institutional investors own 63.16% of the company’s stock.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy.

The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.