Brookfield Renewable Partners (TSE:BEP.UN) Reaches New 52-Week High - What's Next?

Key Points

• Brookfield Renewable Partners shares reached a new 52-week high at C$55.73 before closing at C$37.88, amidst a trading volume of 197,394 shares.
• Desjardins increased their target price for the company from C$40.00 to C$42.00, maintaining a "hold" rating, with a consensus rating also reported as "hold."
• The company declared a quarterly dividend of $0.373, representing an annualized total of $1.49 and a yield of 4.0%, despite a high dividend payout ratio of -151.67%.

Shares of Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP reached a new 52-week high on Tuesday . The stock traded as high as C$55.73 and last traded at C$37.88, with a volume of 197394 shares. The stock had previously closed at C$36.97.

Analyst Ratings Changes

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

Brookfield Renewable Partners Stock Performance

The company has a market capitalization of C$10.67 billion, a P/E ratio of -39.15, a P/E/G ratio of 8.53 and a beta of 1.15. The business has a 50-day moving average of C$35.38 and a 200-day moving average of C$34.17. The company has a debt-to-equity ratio of 107.80, a current ratio of 0.52 and a quick ratio of 0.45.

Brookfield Renewable Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 30th were given a $0.373 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.49 dividend on an annualized basis and a yield of 4.0%. Brookfield Renewable Partners's dividend payout ratio (DPR) 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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