Brookfield Renewable Partners (TSE:BEP.UN) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$38.56 and traded as high as C$44.31. Brookfield Renewable Partners shares last traded at C$43.97, with a volume of 568,607 shares trading hands.

Analyst Ratings Changes

Separately, Raymond James Financial lifted their target price on Brookfield Renewable Partners from C$33.00 to C$35.00 and gave the stock 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 data from MarketBeat, Brookfield Renewable Partners has a consensus rating of “Moderate Buy” and a consensus target price of C$38.50.

Brookfield Renewable Partners Stock Up 0.6%

The business’s fifty day moving average price is C$39.62 and its 200 day moving average price is C$38.56. The firm has a market capitalization of C$13.45 billion, a price-to-earnings ratio of -175.88, a PEG ratio of 8.53 and a beta of 1.20. The company has a current ratio of 0.52, a quick ratio of 0.45 and a debt-to-equity ratio of 107.80.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last issued its quarterly earnings data on Friday, January 30th. The company reported C$0.74 earnings per share (EPS) for the quarter. Brookfield Renewable Partners had a negative net margin of 4.20% and a positive return on equity of 0.46%. The company had revenue of C$2.11 billion for the quarter. On average, equities analysts expect that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a $0.373 dividend. This represents a $1.49 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, November 28th. Brookfield Renewable Partners’s payout ratio is -596.80%.

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.