Brookfield Renewable Partners (TSE:BEP.UN) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$34.60 and traded as high as C$40.17. Brookfield Renewable Partners shares last traded at C$40.02, with a volume of 96,313 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Desjardins upped their price objective 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 analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of C$42.00.

Brookfield Renewable Partners Stock Performance

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 company has a market cap of C$11.36 billion, a PE ratio of -41.69, a P/E/G ratio of 8.53 and a beta of 1.15. The stock's 50 day simple moving average is C$36.21 and its two-hundred day simple moving average is C$34.60.

Brookfield Renewable Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th were paid a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Renewable Partners's dividend payout ratio (DPR) is currently -151.67%.

About Brookfield Renewable Partners

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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