Brookfield Renewable Partners (TSE:BEP.UN) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$37.69 and traded as high as C$39.98. Brookfield Renewable Partners shares last traded at C$38.80, with a volume of 334,546 shares.

Analyst Upgrades and Downgrades

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

Brookfield Renewable Partners Stock Up 0.1%

The stock has a 50 day moving average price of C$38.63 and a 200 day moving average price of C$37.71. 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 capitalization of C$11.89 billion, a P/E ratio of -44.66, a PEG ratio of 8.53 and a beta of 1.23.

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

Brookfield Renewable Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.373 dividend. The ex-dividend date was Friday, November 28th. This represents a $1.49 annualized dividend and a yield of 3.8%. Brookfield Renewable Partners’s dividend payout ratio is currently -169.43%.

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.