Brookfield Renewable Partners (TSE:BEP.UN) Sets New 1-Year Low – Here’s Why

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$45.17 and last traded at C$46.23, with a volume of 196434 shares traded. The stock had previously closed at C$45.31.

Analyst Ratings Changes

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

Brookfield Renewable Partners Trading Up 1.7%

The firm has a market cap of C$13.97 billion, a P/E ratio of -153.53, a price-to-earnings-growth ratio of 8.53 and a beta of 1.21. 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 company’s fifty day moving average price is C$48.45 and its two-hundred day moving average price is C$44.91.

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. The firm 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%. As a group, sell-side analysts predict that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current fiscal year.

Brookfield Renewable Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.392 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.57 annualized dividend and a dividend yield of 3.4%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -503.67%.

About Brookfield Renewable Partners

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.