Brookfield Renewable Partners (TSE:BEP.UN) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$37.69 and traded as high as C$39.98. Brookfield Renewable Partners shares last traded at C$38.80, with a volume of 334,546 shares changing hands.

Wall Street Analyst Weigh In

Separately, Raymond James Financial upped their price target on shares of 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 equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$38.50.

Brookfield Renewable Partners Trading Up 0.1%

The company has a market capitalization of C$11.87 billion, a P/E ratio of -44.60, a PEG 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. The stock has a fifty day moving average of C$38.66 and a 200 day moving average of C$37.69.

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. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%.The business had revenue of C$1.60 billion during the quarter. As a group, equities research analysts anticipate that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.373 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.49 annualized dividend and a yield of 3.8%. Brookfield Renewable Partners’s payout ratio is currently -169.43%.

Brookfield Renewable Partners Company Profile

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.