Brookfield Renewable Partners (TSE:BEP.UN) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Brookfield Renewable Partners' shares recently surpassed their 200-day moving average, trading at C$36.51 with a market capitalization of C$10.36 billion.
• Desjardins has raised the price target on the stock from C$40.00 to C$42.00 and maintains a "hold" rating on the shares.
• The company is set to pay a quarterly dividend of $0.373 on September 30th, representing an annualized yield of 4.1%, despite a negative dividend payout ratio.

Shares of Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$33.85 and traded as high as C$36.59. Brookfield Renewable Partners shares last traded at C$36.51, with a volume of 221,259 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Desjardins increased 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 note on Wednesday, July 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$42.00.

Brookfield Renewable Partners Trading Up 1.1%

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 stock has a market capitalization of C$10.36 billion, a P/E ratio of -38.03, a price-to-earnings-growth ratio of 8.53 and a beta of 1.24. The firm's fifty day simple moving average is C$35.30 and its 200 day simple moving average is C$33.85.

Brookfield Renewable Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 30th will be issued a $0.373 dividend. This represents a $1.49 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, August 29th. Brookfield Renewable Partners's dividend payout ratio (DPR) is currently -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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