Brookfield Renewable Partners (TSE:BEP.UN) Shares Pass Above 200 Day Moving Average – Here’s Why

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$43.75 and traded as high as C$50.86. Brookfield Renewable Partners shares last traded at C$49.89, with a volume of 316,671 shares.

Analyst Upgrades and Downgrades

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

Brookfield Renewable Partners Stock Up 0.1%

The company’s fifty day simple moving average is C$48.34 and its 200-day simple moving average is C$43.75. The firm has a market capitalization of C$15.13 billion, a PE ratio of -166.30, a price-to-earnings-growth ratio of 8.53 and a beta of 1.14. The company has a debt-to-equity ratio of 107.80, a current ratio of 0.52 and a quick ratio of 0.45.

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 business 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%. On average, analysts forecast that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.392 per share. This represents a $1.57 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -503.67%.

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.