Brookfield Renewable Partners (TSE:BEP.UN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$45.43 and traded as high as C$47.50. Brookfield Renewable Partners shares last traded at C$45.86, with a volume of 338,899 shares changing hands.

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Brookfield Renewable Partners currently has an average rating of “Moderate Buy” and a consensus target price of C$41.50.

Brookfield Renewable Partners Stock 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 company has a market cap of C$14.03 billion, a P/E ratio of -104.23, a price-to-earnings-growth ratio of 8.53 and a beta of 1.21. The company has a 50 day moving average price of C$47.94 and a 200-day moving average price of C$45.43.

Brookfield Renewable Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a $0.392 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.57 annualized dividend and a yield of 3.4%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -347.73%.

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.