Brookfield Renewable Partners (NYSE:BEP) Announces Earnings Results

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP announced its earnings results on Friday. The utilities provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.09), Zacks reports. The firm had revenue of $907.00 million for the quarter, compared to analyst estimates 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 Stock Up 1.7 %

Shares of NYSE BEP traded up $0.38 during mid-day trading on Thursday, reaching $22.80. 476,616 shares of the company traded hands, compared to its average volume of 559,113. The company's fifty day moving average is $22.27 and its two-hundred day moving average is $23.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.25. Brookfield Renewable Partners has a fifty-two week low of $19.29 and a fifty-two week high of $29.56. The stock has a market cap of $6.48 billion, a PE ratio of -25.62 and a beta of 0.99.

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 issued a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 annualized dividend and a yield of 6.54%. Brookfield Renewable Partners's dividend payout ratio (DPR) is currently -147.52%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BEP shares. Barclays began coverage on Brookfield Renewable Partners in a research report on Wednesday, April 2nd. They set an "equal weight" rating and a $27.00 price target on the stock. National Bankshares decreased their price target on shares of Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. StockNews.com downgraded shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. Wells Fargo & Company dropped their price target 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. Finally, JPMorgan Chase & Co. reduced their price objective on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Brookfield Renewable Partners presently has an average rating of "Moderate Buy" and a consensus price target of $29.67.

Brookfield Renewable Partners Company Profile

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.