Brookfield Renewable Partners (NYSE:BEP) Issues Earnings Results, Beats Estimates By $0.16 EPS

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) posted its quarterly earnings data on Friday. The utilities provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.16, Zacks reports. Brookfield Renewable Partners had a net margin of 1.16% and a return on equity of 0.24%.

Brookfield Renewable Partners Stock Up 7.4 %

Shares of BEP stock traded up $1.54 on Friday, hitting $22.24. The company’s stock had a trading volume of 1,014,344 shares, compared to its average volume of 1,014,682. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of -27.07 and a beta of 0.95. Brookfield Renewable Partners has a fifty-two week low of $19.92 and a fifty-two week high of $29.56. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73. The firm’s fifty day moving average price is $23.09 and its 200-day moving average price is $24.75.

Brookfield Renewable Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 6.39%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Renewable Partners’s payout ratio is presently -173.17%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BEP shares. CIBC lifted their target price on shares of Brookfield Renewable Partners from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. National Bankshares decreased their target price on shares of Brookfield Renewable Partners from $33.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Scotiabank decreased their target price on shares of Brookfield Renewable Partners from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Thursday. StockNews.com lowered shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research note on Thursday, December 26th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Brookfield Renewable Partners has a consensus rating of “Moderate Buy” and a consensus price target of $31.78.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.