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

Shares of Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$37.15 and traded as high as C$37.21. Brookfield Renewable Partners shares last traded at C$37.02, with a volume of 797,015 shares trading hands.

Analyst Ratings Changes

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

Brookfield Renewable Partners Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.45 and a debt-to-equity ratio of 107.80. The stock has a 50-day simple moving average of C$40.26 and a 200 day simple moving average of C$37.17. The stock has a market capitalization of C$11.33 billion, a price-to-earnings ratio of -42.55, a price-to-earnings-growth ratio of 8.53 and a beta of 1.30.

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 for the quarter. The company 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%. On average, equities research analysts forecast that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current fiscal year.

Brookfield Renewable Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be given a $0.373 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.49 dividend on an annualized basis and a yield of 4.0%. Brookfield Renewable Partners’s dividend payout ratio is presently -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. 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.