Brookfield Renewable Partners (TSE:BEP.UN) Sets New 52-Week High - Here's Why

Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP hit a new 52-week high during trading on Monday . The company traded as high as C$50.07 and last traded at C$37.46, with a volume of 106846 shares traded. The stock had previously closed at C$37.32.

Wall Street Analysts Forecast Growth

Separately, Desjardins raised their price objective on Brookfield Renewable Partners from C$40.00 to C$42.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th.

Brookfield Renewable Partners Trading Down 0.3%

The company has a debt-to-equity ratio of 107.80, a current ratio of 0.52 and a quick ratio of 0.45. The stock's 50 day moving average is C$34.77 and its 200-day moving average is C$32.67. The company has a market capitalization of C$10.65 billion, a P/E ratio of -42.95, a P/E/G ratio of 8.53 and a beta of 0.89.

Brookfield Renewable Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were paid a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Renewable Partners's dividend payout ratio is currently -219.54%.

Insider Buying and Selling

In other news, Senior Officer Nancy Patricia Dorn purchased 2,470 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was acquired at an average cost of C$42.52 per share, for a total transaction of C$105,028.80.

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.