Brookfield Renewable Partners (TSE:BEP.UN) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$42.96 and traded as high as C$51.00. Brookfield Renewable Partners shares last traded at C$49.26, with a volume of 406,745 shares traded.

Wall Street Analysts Forecast Growth

Separately, Desjardins upped their target price on 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 analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$41.50.

Brookfield Renewable Partners Stock Down 3.1%

The firm has a market capitalization of C$14.94 billion, a PE ratio of -164.20, a PEG ratio of 8.53 and a beta of 1.14. The company has a fifty day simple moving average of C$47.76 and a two-hundred day simple moving average of C$42.96. 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 issued its earnings results on Saturday, May 2nd. The company reported C($0.56) 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$2.10 billion during the quarter. Analysts forecast that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a $0.392 dividend. This represents a $1.57 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is 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.