Brookfield Renewable Partners (TSE:BEP.UN) Sets New 12-Month High – Still a Buy?

Shares of Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) hit a new 52-week high during trading on Friday . The stock traded as high as C$49.35 and last traded at C$49.35, with a volume of 111185 shares trading hands. The stock had previously closed at C$48.67.

Analysts Set New Price Targets

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

Brookfield Renewable Partners Stock Up 0.8%

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 firm has a market cap of C$14.88 billion, a P/E ratio of -163.57, a PEG ratio of 8.53 and a beta of 1.06. The company’s 50 day simple moving average is C$45.76 and its 200-day simple moving average is C$42.16.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last posted its earnings results on Saturday, May 2nd. The company reported C($0.56) earnings per share (EPS) for the quarter. The company had revenue of C$2.10 billion for the quarter. Brookfield Renewable Partners had a negative net margin of 4.20% and a positive return on equity of 0.46%. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be paid a $0.392 dividend. This represents a $1.57 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, May 29th. 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.