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

Key Points

• Brookfield Renewable Partners' stock price recently crossed above its 200-day moving average, reaching a high of C$38.97 during trading.
• Desjardins raised their price target for the stock from C$40.00 to C$42.00, maintaining a "hold" rating, with the average rating also reflecting a "hold" status.
• The company recently announced a quarterly dividend of $0.373, reflecting a 3.8% annual yield, though it has a notably high dividend payout ratio of -151.67%.

Shares of Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$34.01 and traded as high as C$38.97. Brookfield Renewable Partners shares last traded at C$38.87, with a volume of 216,599 shares changing hands.

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 company a "hold" rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$42.00.

Brookfield Renewable Partners Stock Performance

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 firm has a fifty day simple moving average of C$35.29 and a 200 day simple moving average of C$34.01. The company has a market capitalization of C$11.03 billion, a price-to-earnings ratio of -40.49, a price-to-earnings-growth ratio of 8.53 and a beta of 1.15.

Brookfield Renewable Partners Dividend Announcement

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