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

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$44.64 and traded as high as C$46.12. Brookfield Renewable Partners shares last traded at C$45.75, with a volume of 323,710 shares changing hands.

Wall Street Analysts Forecast Growth

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

Brookfield Renewable Partners Stock Down 0.3%

The business’s 50 day simple moving average is C$48.60 and its 200-day simple moving average is C$44.69. The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52. The company has a market cap of C$13.51 billion, a price-to-earnings ratio of -148.53, a price-to-earnings-growth ratio of 8.53 and a beta of 1.21.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last posted its quarterly 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 company had revenue of C$2.10 billion during the quarter. Sell-side analysts expect that Brookfield Renewable Partners LP will post 0.1012093 earnings per share for the current year.

Brookfield Renewable Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.392 dividend. This represents a $1.57 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Renewable Partners’s dividend payout ratio is presently -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.