Brookfield Renewable (TSE:BEPC) Shares Up 2.5% – Should You Buy?

Brookfield Renewable Co. (TSE:BEPC)’s stock price shot up 2.5% during mid-day trading on Thursday . The stock traded as high as C$50.12 and last traded at C$50.02. 356,028 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 299,933 shares. The stock had previously closed at C$48.79.

Analyst Ratings Changes

Separately, Desjardins boosted their price target on Brookfield Renewable from C$48.00 to C$49.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$49.00.

Brookfield Renewable Price Performance

The company has a current ratio of 0.40, a quick ratio of 0.18 and a debt-to-equity ratio of -464.91. The stock has a market capitalization of C$9.28 billion, a P/E ratio of -2.35, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. The business has a fifty day simple moving average of C$49.92 and a 200 day simple moving average of C$53.46.

Brookfield Renewable (TSE:BEPC) last posted its quarterly earnings data on Friday, July 31st. The company reported C($2.95) earnings per share (EPS) for the quarter. Brookfield Renewable had a positive return on equity of 257.80% and a negative net margin of 110.51%.The company had revenue of C$1.53 billion for the quarter. On average, analysts expect that Brookfield Renewable Co. will post 2.8461008 earnings per share for the current year.

Brookfield Renewable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.392 per share. This represents a $1.57 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, May 29th. Brookfield Renewable’s dividend payout ratio (DPR) is presently -7.20%.

Brookfield Renewable Company Profile

Brookfield operates Brookfield Renewable Partners (NYSE: BEP, BEPC TSX: BEP.UN, BEPC), one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.