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

Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP's stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$32.67 and traded as high as C$37.75. Brookfield Renewable Partners shares last traded at C$37.37, with a volume of 133,957 shares.

Analysts Set New Price Targets

Separately, Desjardins boosted their target price on shares of Brookfield Renewable Partners from C$40.00 to C$42.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th.

Brookfield Renewable Partners Stock Up 0.3%

The company has a debt-to-equity ratio of 107.80, a current ratio of 0.52 and a quick ratio of 0.45. The company has a market capitalization of C$10.68 billion, a price-to-earnings ratio of -43.07, a price-to-earnings-growth ratio of 8.53 and a beta of 0.89. The firm's 50-day simple moving average is C$34.91 and its two-hundred day simple moving average is C$32.72.

Brookfield Renewable Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Renewable Partners's dividend payout ratio is currently -219.54%.

Insiders Place Their Bets

In other news, Senior Officer Nancy Patricia Dorn acquired 2,470 shares of Brookfield Renewable Partners stock in a transaction that occurred on Tuesday, May 20th. The stock was purchased at an average cost of C$42.52 per share, with a total value of C$105,028.80.

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.