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

Shares of Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$37.99 and traded as high as C$41.60. Brookfield Renewable Partners shares last traded at C$41.60, with a volume of 188,744 shares changing hands.

Wall Street Analyst Weigh In

Separately, Raymond James Financial boosted their price target on shares of 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, Brookfield Renewable Partners has an average rating of “Moderate Buy” and a consensus target price of C$38.50.

Brookfield Renewable Partners Price Performance

The stock has a market cap of C$12.73 billion, a P/E ratio of -166.40, a P/E/G ratio of 8.53 and a beta of 1.20. The business has a 50 day simple moving average of C$38.64 and a 200-day simple moving average of C$37.99. 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 released its earnings results on Friday, January 30th. The company reported C$0.74 EPS for the quarter. The company had revenue of C$2.11 billion for the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%. On average, sell-side analysts forecast that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current year.

Brookfield Renewable Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, November 28th. Brookfield Renewable Partners’s payout ratio is presently -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.