Brookfield Renewable Partners (TSE:BEP.UN) Hits New 52-Week High – Should You Buy?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) hit a new 52-week high on Wednesday . The stock traded as high as C$62.89 and last traded at C$42.67, with a volume of 194364 shares. The stock had previously closed at C$44.05.

Analysts Set New Price Targets

A number of research firms have recently commented on BEP.UN. Desjardins increased their price objective on Brookfield Renewable Partners from C$40.00 to C$42.00 and gave the company a “hold” rating in a report on Wednesday, July 16th. Raymond James Financial lifted their price objective on Brookfield Renewable Partners from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Brookfield Renewable Partners presently has a consensus rating of “Moderate Buy” and an average target price of C$38.50.

Brookfield Renewable Partners Stock Performance

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 has a market capitalization of C$12.10 billion, a P/E ratio of -44.41, a price-to-earnings-growth ratio of 8.53 and a beta of 1.24. The company has a fifty day moving average of C$37.53 and a two-hundred day moving average of C$35.44.

Brookfield Renewable Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, August 29th. Brookfield Renewable Partners’s dividend payout ratio is -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.