Brookfield Renewable Partners (TSE:BEP.UN) Reaches New 1-Year High at $44.75

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$44.75 and last traded at C$38.16, with a volume of 53371 shares traded. The stock had previously closed at C$38.20.

Wall Street Analyst Weigh In

Separately, Desjardins raised their price objective on Brookfield Renewable Partners from C$38.00 to C$40.00 and gave the company a “hold” rating in a research note on Thursday, June 6th.

Brookfield Renewable Partners Price Performance

The stock’s 50-day simple moving average is C$34.11 and its two-hundred day simple moving average is C$33.87. The firm has a market cap of C$10.79 billion, a P/E ratio of -44.42, a PEG ratio of 8.53 and a beta of 0.87. The company has a debt-to-equity ratio of 107.80, a current ratio of 0.52 and a quick ratio of 0.45.

Brookfield Renewable Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.355 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.42 annualized dividend and a dividend yield of 3.75%. Brookfield Renewable Partners’s payout ratio is -223.26%.

Insider Buying and Selling

In related news, Director Nancy Patricia Dorn purchased 1,728 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average cost of C$39.06 per share, for a total transaction of C$67,498.17.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies.