Brookfield Renewable Partners (NYSE:BEP) Sets New 1-Year Low at $19.92

Brookfield Renewable Partners L.P. (NYSE:BEP - Get Free Report) TSE: BEP hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $19.92 and last traded at $20.12, with a volume of 457385 shares trading hands. The stock had previously closed at $20.51.

Wall Street Analyst Weigh In

BEP has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $28.00 price objective (down previously from $36.00) on shares of Brookfield Renewable Partners in a research note on Monday, February 12th. StockNews.com cut shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research note on Monday, March 4th. Finally, National Bankshares increased their price target on shares of Brookfield Renewable Partners from $29.00 to $31.00 and gave the company an "outperform" rating in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Brookfield Renewable Partners has an average rating of "Moderate Buy" and a consensus price target of $30.60.

Brookfield Renewable Partners Price Performance

The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market cap of $5.74 billion, a PE ratio of -62.56 and a beta of 0.80. The stock's 50-day moving average is $22.91 and its two-hundred day moving average is $23.87.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its quarterly earnings data on Friday, February 2nd. The utilities provider reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.03. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.08 billion. Brookfield Renewable Partners had a net margin of 12.23% and a return on equity of 2.23%. The firm's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.16) EPS. On average, equities analysts predict that Brookfield Renewable Partners L.P. will post -0.01 earnings per share for the current year.

Brookfield Renewable Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.355 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from Brookfield Renewable Partners's previous quarterly dividend of $0.34. This represents a $1.42 dividend on an annualized basis and a yield of 7.09%. Brookfield Renewable Partners's dividend payout ratio is -421.88%.

Institutional Investors Weigh In On Brookfield Renewable Partners

A number of hedge funds have recently added to or reduced their stakes in BEP. Baystate Wealth Management LLC purchased a new position in shares of Brookfield Renewable Partners in the 4th quarter valued at $26,000. Financial Freedom LLC purchased a new position in shares of Brookfield Renewable Partners in the 4th quarter valued at $28,000. Scarborough Advisors LLC purchased a new position in shares of Brookfield Renewable Partners in the 4th quarter valued at $30,000. Clear Street Markets LLC purchased a new position in shares of Brookfield Renewable Partners in the 4th quarter valued at $34,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Brookfield Renewable Partners by 363.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,275 shares of the utilities provider's stock valued at $52,000 after buying an additional 1,000 shares during the last quarter. 63.16% of the stock is currently owned by institutional investors and hedge funds.

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.