Brookfield Renewable Partners (TSE:BEP.UN) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Brookfield Renewable Partners shares recently crossed above their 200-day moving average, trading at C$34.62 with a peak at C$35.25.
• Analysts have raised their price target from C$40.00 to C$42.00, with an average rating of "Hold" for the stock.
• The company announced a quarterly dividend of $0.373 with a yield of 4.3%, following a negative payout ratio of -151.67%.

Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$33.60 and traded as high as C$35.25. Brookfield Renewable Partners shares last traded at C$34.62, with a volume of 218,155 shares changing hands.

Analyst Ratings Changes

Separately, Desjardins boosted their price target on shares of Brookfield Renewable Partners from C$40.00 to C$42.00 and gave the company a "hold" rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$42.00.

Brookfield Renewable Partners Price Performance

The business's 50-day moving average price is C$35.48 and its 200 day moving average price is C$33.60. The stock has a market capitalization of C$9.83 billion, a PE ratio of -36.06, a price-to-earnings-growth ratio of 8.53 and a beta of 1.24. The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52.

Brookfield Renewable Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 30th will be given a $0.373 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.49 annualized dividend and a yield of 4.3%. Brookfield Renewable Partners's payout ratio is -151.67%.

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.

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