Brookfield Renewable Partners (TSE:BEP.UN) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$38.21 and traded as high as C$43.52. Brookfield Renewable Partners shares last traded at C$43.29, with a volume of 294,435 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial lifted their target price on Brookfield Renewable Partners from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$38.50.

Brookfield Renewable Partners Stock Up 2.3%

The company has a quick ratio of 0.45, a current ratio of 0.52 and a debt-to-equity ratio of 107.80. The stock has a market capitalization of C$13.25 billion, a price-to-earnings ratio of -173.16, a price-to-earnings-growth ratio of 8.53 and a beta of 1.20. The stock has a 50 day moving average price of C$39.04 and a 200 day moving average price of C$38.21.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last issued its 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 business had revenue of C$2.11 billion during the quarter. As a group, analysts forecast that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, November 28th. Brookfield Renewable Partners’s dividend payout ratio (DPR) is currently -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.