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

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$44.64 and traded as high as C$46.12. Brookfield Renewable Partners shares last traded at C$45.75, with a volume of 323,710 shares traded.

Analyst Ratings Changes

Separately, Desjardins lifted their target price on shares of Brookfield Renewable Partners from C$45.00 to C$48.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Brookfield Renewable Partners has a consensus rating of “Moderate Buy” and an average price target of C$41.50.

Brookfield Renewable Partners Trading Up 1.3%

The firm has a 50-day simple moving average of C$48.65 and a 200-day simple moving average of C$44.64. 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 stock has a market cap of C$13.87 billion, a PE ratio of -152.50, a P/E/G ratio of 8.53 and a beta of 1.21.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last announced its quarterly earnings results on Saturday, May 2nd. The company reported C($0.56) earnings per share 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$2.10 billion during the quarter. Equities analysts forecast that Brookfield Renewable Partners LP will post 0.1012093 earnings per share for the current year.

Brookfield Renewable Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.392 per share. This represents a $1.57 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Renewable Partners’s payout ratio is presently -503.67%.

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.