Brookfield Renewable Partners (TSE:BEP.UN) Hits New 1-Year High - What's Next?

Key Points

• Brookfield Renewable Partners (TSE:BEP.UN) shares reached a new 52-week high of C$52.50 during trading, with the last traded price at C$38.25.
• Desjardins has raised its price target for the company from C$40.00 to C$42.00, maintaining a "hold" rating, as the stock currently has a consensus rating of "Hold."
• The company recently announced a quarterly dividend of $0.373 per share, translating to an annualized yield of 3.9%, although its dividend payout ratio stands at a concerning -151.67%.

Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP shares reached a new 52-week high during trading on Monday . The stock traded as high as C$52.50 and last traded at C$38.25, with a volume of 134535 shares traded. The stock had previously closed at C$37.05.

Analysts Set New Price Targets

Separately, Desjardins raised their price target on shares of Brookfield Renewable Partners from C$40.00 to C$42.00 and gave the company a "hold" rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$42.00.

Brookfield Renewable Partners Stock Performance

The stock has a fifty day moving average of C$35.26 and a 200-day moving average of C$33.98. The stock has a market capitalization of C$10.84 billion, a PE ratio of -39.79, a price-to-earnings-growth ratio of 8.53 and a beta of 1.15. The company has a quick ratio of 0.45, a current ratio of 0.52 and a debt-to-equity ratio of 107.80.

Brookfield Renewable Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 30th were issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Renewable Partners's dividend payout ratio is currently -151.67%.

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.

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