Brookfield Renewable Partners (TSE:BEP.UN) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$36.95 and traded as high as C$39.45. Brookfield Renewable Partners shares last traded at C$38.71, with a volume of 161,679 shares.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial boosted their target price on 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.50.

Brookfield Renewable Partners Price Performance

The firm has a market capitalization of C$10.91 billion, a price-to-earnings ratio of -44.18, a price-to-earnings-growth ratio of 8.53 and a beta of 1.30. The stock’s fifty day moving average price is C$40.35 and its two-hundred day moving average price is C$36.99. The company has a current ratio of 0.52, a quick ratio of 0.45 and a debt-to-equity ratio of 107.80.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.46 EPS for the quarter. Brookfield Renewable Partners had a negative net margin of 4.20% and a positive return on equity of 0.46%. The company had revenue of C$1.60 billion for the quarter. Equities research analysts expect that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current year.

Brookfield Renewable Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.373 per share. The ex-dividend date is Friday, November 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 3.9%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -169.43%.

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.