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

Key Points

• Brookfield Renewable declared a quarterly dividend of $0.392 per share (annualized $1.56), payable June 30 with an ex‑dividend/record date of May 29, implying a yield of 4.7%.
• Questions about sustainability: the partnership shows a deeply negative payout ratio (around -15,600%) and analysts forecast negative EPS, meaning earnings currently do not cover the dividend and the payout is being supported by the balance sheet.
• Shares rose to $33.33 (+0.7%) on heavy volume; the company has a market cap near $10.11B and about 63% of the stock is owned by institutional investors, led by Brookfield Corp’s 81.3M‑share stake.

Brookfield Renewable Partners L.P. (NYSE:BEP - Get Free Report) 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) annualized dividend 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%annually over the last three years and has raised its dividend every year for the last 2 years. Brookfield Renewable Partners has a payout ratio of -15,600.0% indicating that 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 Up 0.7%

BEP stock traded up $0.22 during midday trading on Friday, reaching $33.33. The company had a trading volume of 1,610,082 shares, compared to its average volume of 748,146. The company has a 50 day moving average of $32.40 and a two-hundred day moving average of $30.07. The company has a market capitalization of $10.11 billion, a P/E ratio of -128.18 and a beta of 1.09. Brookfield Renewable Partners has a 1 year low of $22.17 and a 1 year high of $35.97. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.80.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its quarterly earnings results on Friday, May 1st. The utilities provider reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.14). Brookfield Renewable Partners had a net margin of 11.11% and a return on equity of 2.15%. On average, equities research analysts expect that Brookfield Renewable Partners will post -0.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookfield Renewable Partners

Several hedge funds have recently bought and sold shares of BEP. BROOKFIELD Corp ON lifted its position in shares of Brookfield Renewable Partners by 9.4% in the fourth quarter. BROOKFIELD Corp ON now owns 81,306,719 shares of the utilities provider's stock worth $2,192,842,000 after buying an additional 6,967,670 shares during the last quarter. State of Wisconsin Investment Board boosted its position in shares of Brookfield Renewable Partners by 128.0% in the fourth quarter. State of Wisconsin Investment Board now owns 4,867,084 shares of the utilities provider's stock valued at $131,265,000 after acquiring an additional 2,732,542 shares during the period. Bank of Montreal Can boosted its position in shares of Brookfield Renewable Partners by 20.3% in the fourth quarter. Bank of Montreal Can now owns 8,394,947 shares of the utilities provider's stock valued at $226,859,000 after acquiring an additional 1,415,989 shares during the period. Principal Financial Group Inc. grew its stake in shares of Brookfield Renewable Partners by 16.2% in the third quarter. Principal Financial Group Inc. now owns 10,127,549 shares of the utilities provider's stock worth $261,189,000 after acquiring an additional 1,414,837 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of Brookfield Renewable Partners by 41.9% in the fourth quarter. Morgan Stanley now owns 4,029,046 shares of the utilities provider's stock worth $108,663,000 after acquiring an additional 1,189,130 shares during the last quarter. 63.16% of the stock is owned by institutional investors and hedge funds.

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.

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