Brookfield Renewable Partners (TSE:BEP.UN) Announces Quarterly Earnings Results

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) posted its quarterly earnings results on Friday. The company reported C$0.74 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$2.11 billion during the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%.

Brookfield Renewable Partners Stock Up 6.0%

Shares of BEP.UN stock opened at C$40.62 on Friday. The stock’s 50 day simple moving average is C$38.53 and its 200 day simple moving average is C$37.85. Brookfield Renewable Partners has a twelve month low of C$27.50 and a twelve month high of C$45.73. The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52. The company has a market capitalization of C$12.43 billion, a price-to-earnings ratio of -46.69, a PEG ratio of 8.53 and a beta of 1.23.

Brookfield Renewable Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.373 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 3.7%. Brookfield Renewable Partners’s dividend payout ratio is currently -169.43%.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial raised their price objective on shares of Brookfield Renewable Partners from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$38.50.

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. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.