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

Key Points

• Brookfield Renewable Partners' stock crossed above its 200-day moving average at C$39.37, indicating a positive trend as it traded high at C$39.59.
• Desjardins raised their price target from C$40.00 to C$42.00 and maintained a "hold" rating on the stock, reflecting cautious optimism among analysts.
• The company recently declared a quarterly dividend of $0.373 per share, contributing to an annualized yield of 3.8%, despite a negative payout ratio of -151.67%.

Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP's share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$34.23 and traded as high as C$39.59. Brookfield Renewable Partners shares last traded at C$39.37, with a volume of 332,523 shares traded.

Analyst Upgrades and Downgrades

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

Brookfield Renewable Partners Trading Up 4.4%

The stock has a market capitalization of C$11.17 billion, a PE ratio of -41.01, a PEG ratio of 8.53 and a beta of 1.15. The company has a quick ratio of 0.45, a current ratio of 0.52 and a debt-to-equity ratio of 107.80. The business's 50-day moving average is C$35.50 and its two-hundred day moving average is C$34.23.

Brookfield Renewable Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th were issued a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Renewable Partners's payout ratio is presently -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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