Brookfield Renewable (TSE:BEPC) Issues Earnings Results

Brookfield Renewable (TSE:BEPC) released its quarterly earnings results on Friday. The company reported C($2.95) earnings per share for the quarter, reports. Brookfield Renewable had a negative net margin of 127.72% and a positive return on equity of 520.67%. The business had revenue of C$1.53 billion for the quarter.

Brookfield Renewable Stock Performance

Brookfield Renewable stock opened at C$46.78 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.18 and a debt-to-equity ratio of -570.82. Brookfield Renewable has a 1 year low of C$44.86 and a 1 year high of C$63.11. The company has a market cap of C$8.53 billion, a PE ratio of -1.87, a PEG ratio of 0.84 and a beta of 1.21. The company’s 50-day moving average is C$51.09 and its two-hundred day moving average is C$53.88.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.392 per share. The ex-dividend date was Friday, May 29th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 3.4%. Brookfield Renewable’s payout ratio is presently -6.03%.

Analysts Set New Price Targets

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

Brookfield Renewable Company Profile

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.