Brookfield Renewable (TSE:BEPC) Trading 2.5% Higher – Here’s What Happened

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

Analyst Upgrades and Downgrades

Separately, Desjardins raised their price target on Brookfield Renewable from C$48.00 to C$49.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Brookfield Renewable presently has an average rating of “Hold” and a consensus target price of C$49.00.

Brookfield Renewable Stock Performance

The business has a 50-day moving average of C$49.92 and a two-hundred day moving average of C$53.46. The company has a debt-to-equity ratio of -464.91, a current ratio of 0.40 and a quick ratio of 0.18. The company has a market cap of C$9.28 billion, a P/E ratio of -2.35, a P/E/G ratio of 0.84 and a beta of 1.21.

Brookfield Renewable (TSE:BEPC) last announced its quarterly earnings data on Friday, July 31st. The company reported C($2.95) earnings per share for the quarter. The company had revenue of C$1.53 billion for the quarter. Brookfield Renewable had a negative net margin of 110.51% and a positive return on equity of 257.80%. On average, sell-side analysts predict that Brookfield Renewable Co. will post 2.8461008 EPS for the current fiscal 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 issued a $0.392 dividend. This represents a $1.57 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Renewable’s dividend payout ratio (DPR) is currently -7.20%.

About Brookfield Renewable

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.