Brookfield Renewable (NYSE:BEPC - Get Free Report) posted its quarterly earnings data on Friday. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.33) by $0.27, Zacks reports. Brookfield Renewable had a negative return on equity of 0.06% and a negative net margin of 0.15%.
Brookfield Renewable Price Performance
Shares of BEPC stock traded up $0.47 during mid-day trading on Tuesday, hitting $26.37. The company had a trading volume of 1,086,757 shares, compared to its average volume of 1,212,015. The company has a market capitalization of $3.82 billion, a P/E ratio of -29.63 and a beta of 1.22. The stock's 50 day moving average price is $28.11 and its 200-day moving average price is $29.31. Brookfield Renewable has a 52-week low of $21.35 and a 52-week high of $35.14. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51.
Brookfield Renewable Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.373 per share. The ex-dividend date is Friday, February 28th. This represents a $1.49 annualized dividend and a dividend yield of 5.66%. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. Brookfield Renewable's dividend payout ratio (DPR) is currently -159.55%.
Analyst Upgrades and Downgrades
BEPC has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company reduced their price target on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Monday.
Check Out Our Latest Stock Analysis on BEPC
About Brookfield Renewable
(
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Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.
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