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

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$37.44 and traded as high as C$38.85. Brookfield Renewable Partners shares last traded at C$38.76, with a volume of 146,108 shares traded.

Analyst Ratings Changes

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

Brookfield Renewable Partners Stock Performance

The company’s fifty day simple moving average is C$39.67 and its two-hundred day simple moving average is C$37.44. The company has a market capitalization of C$11.86 billion, a price-to-earnings ratio of -44.55, a price-to-earnings-growth ratio of 8.53 and a beta of 1.23. The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52.

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

Brookfield Renewable Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a $0.373 dividend. The ex-dividend date was Friday, November 28th. This represents a $1.49 annualized dividend and a dividend yield of 3.8%. 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.