Brookfield Renewable Partners (TSE:BEP.UN) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$37.33 and traded as high as C$37.74. Brookfield Renewable Partners shares last traded at C$37.33, with a volume of 105,462 shares traded.

Wall Street Analyst Weigh In

Separately, Raymond James Financial upped their price target on Brookfield Renewable Partners from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$38.50.

Brookfield Renewable Partners Stock Performance

The company has a quick ratio of 0.45, a current ratio of 0.52 and a debt-to-equity ratio of 107.80. The company has a 50 day simple moving average of C$40.06 and a 200-day simple moving average of C$37.33. The stock has a market capitalization of C$11.42 billion, a price-to-earnings ratio of -42.91, a price-to-earnings-growth ratio of 8.53 and a beta of 1.30.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.46 EPS for the quarter. The company had revenue of C$1.60 billion during the quarter. Brookfield Renewable Partners had a negative net margin of 4.20% and a positive return on equity of 0.46%. As a group, equities research analysts expect that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, November 28th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -169.43%.

About Brookfield Renewable Partners

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company’s portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 21 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.