Brookfield Renewable Partners LP (TSE:BEP.UN – Get Free Report) (NYSE:BEP) hit a new 52-week high during trading on Thursday . The company traded as high as C$51.42 and last traded at C$50.50, with a volume of 163169 shares trading hands. The stock had previously closed at C$50.99.
Analysts Set New Price Targets
Separately, Desjardins upped their price target on Brookfield Renewable Partners from C$45.00 to C$48.00 and gave the company a “hold” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$41.50.
Read Our Latest Stock Report on Brookfield Renewable Partners
Brookfield Renewable Partners Price Performance
Brookfield Renewable Partners (TSE:BEP.UN – Get Free Report) (NYSE:BEP) last announced its earnings results on Saturday, May 2nd. The company reported C($0.56) earnings per share for the quarter. The business had revenue of C$2.10 billion during the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%. As a group, research analysts predict that Brookfield Renewable Partners LP will post 0.1012093 earnings per share for the current year.
Brookfield Renewable Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.392 per share. The ex-dividend date is Friday, May 29th. This represents a $1.57 annualized dividend and a dividend 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.
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