Brookfield Renewable Partners (TSE:BEP.UN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

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$43.33 and traded as high as C$50.27. Brookfield Renewable Partners shares last traded at C$49.83, with a volume of 532,209 shares trading hands.

Wall Street Analyst Weigh In

Separately, Desjardins raised 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 report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$41.50.

Brookfield Renewable Partners Trading Up 3.3%

The company has a current ratio of 0.52, a quick ratio of 0.45 and a debt-to-equity ratio of 107.80. The company has a market cap of C$15.11 billion, a PE ratio of -166.10, a PEG ratio of 8.53 and a beta of 1.14. The stock has a 50 day moving average price of C$48.06 and a 200 day moving average price of C$43.33.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last issued its quarterly earnings results on Saturday, May 2nd. The company reported C($0.56) earnings per share for the quarter. The firm had revenue of C$2.10 billion during the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%. Sell-side analysts predict that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.392 per share. This represents a $1.57 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, May 29th. Brookfield Renewable Partners’s payout ratio is -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.