Brookfield Renewable Partners (TSE:BEP.UN) Share Price Passes Above 200 Day Moving Average – Here’s Why

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) shares crossed 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 changing hands.

Wall Street Analyst Weigh In

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

Brookfield Renewable Partners Price Performance

The stock has a market capitalization of C$13.36 billion, a PE ratio of -174.60, a P/E/G ratio of 8.53 and a beta of 1.20. The company has a debt-to-equity ratio of 107.80, a current ratio of 0.52 and a quick ratio of 0.45. The firm’s 50 day simple moving average is C$39.13 and its 200 day simple moving average is C$38.27.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last released its earnings results on Friday, January 30th. The company reported C$0.74 EPS for the quarter. The company had revenue of C$2.11 billion for the quarter. Brookfield Renewable Partners had a negative net margin of 4.20% and a positive return on equity of 0.46%. As a group, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a $0.373 dividend. The ex-dividend date was Friday, November 28th. This represents a $1.49 annualized dividend and a dividend yield of 3.4%. Brookfield Renewable Partners’s payout ratio is currently -596.80%.

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.