Brookfield Renewable Partners (TSE:BEP.UN) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s share price crossed 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.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial lifted their price objective 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 research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$38.50.

Brookfield Renewable Partners Price Performance

The company has a market cap 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 50-day simple moving average of C$39.62 and a 200-day simple moving average of C$38.56. 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 posted its quarterly earnings results on Friday, January 30th. The company reported C$0.74 earnings per share for the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%.The firm had revenue of C$2.11 billion for the quarter. As a group, research analysts predict that Brookfield Renewable Partners LP will post 0.1012093 earnings per share for the current year.

Brookfield Renewable Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.373 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 3.4%. Brookfield Renewable Partners’s dividend 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.