Brookfield Renewable Partners (TSE:BEP.UN) Reaches New 1-Year High at $47.08

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$47.08 and last traded at C$46.94, with a volume of 4063 shares. The stock had previously closed at C$46.93.

Separately, National Bank Financial raised their price target on shares of TransAlta Renewables from C$13.00 to C$13.25 and gave the stock a “sector perform” rating in a report on Wednesday.

The company has a fifty day moving average of C$45.15. The stock has a market cap of $8.49 billion and a price-to-earnings ratio of 127.21. The company has a debt-to-equity ratio of 57.35, a quick ratio of 0.38 and a current ratio of 0.98.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were issued a dividend of $0.515 per share. The ex-dividend date was Thursday, May 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 4.34%. Brookfield Renewable Partners’s dividend payout ratio is currently 723.86%.

Brookfield Renewable Partners Company Profile (TSE:BEP.UN)

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.

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