Brookfield Renewable Partners (NYSE:BEP) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP posted its quarterly earnings data on Friday. The utilities provider reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.09), Zacks reports. The company had revenue of $907.00 million for the quarter, compared to analysts' expectations of $1.73 billion. Brookfield Renewable Partners had a negative net margin of 0.15% and a negative return on equity of 0.03%.

Brookfield Renewable Partners Trading Up 0.3 %

Shares of Brookfield Renewable Partners stock traded up $0.08 on Wednesday, hitting $22.45. 341,480 shares of the company traded hands, compared to its average volume of 559,308. The company has a current ratio of 0.25, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.38 billion, a PE ratio of -25.22 and a beta of 0.99. The stock's 50 day moving average price is $22.27 and its 200-day moving average price is $23.25. Brookfield Renewable Partners has a 52 week low of $19.29 and a 52 week high of $29.56.

Brookfield Renewable Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $0.373 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a yield of 6.65%. Brookfield Renewable Partners's dividend payout ratio is currently -147.52%.

Analyst Ratings Changes

BEP has been the subject of a number of recent analyst reports. CIBC dropped their price target on shares of Brookfield Renewable Partners from $31.00 to $30.00 and set an "outperformer" rating for the company in a research report on Monday. Wells Fargo & Company lowered their target price on shares of Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday. StockNews.com lowered Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. National Bankshares decreased their price target on Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Finally, Barclays started coverage on Brookfield Renewable Partners in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $27.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Brookfield Renewable Partners currently has a consensus rating of "Moderate Buy" and an average price target of $29.67.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.