Brookfield Renewable Partners (TSE:BEP.UN) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.96 and traded as high as C$51.00. Brookfield Renewable Partners shares last traded at C$49.26, with a volume of 406,745 shares trading hands.

Analysts Set New Price Targets

Separately, Desjardins upped their price objective on Brookfield Renewable Partners from C$45.00 to C$48.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Brookfield Renewable Partners currently has a consensus rating of “Moderate Buy” and an average target price of C$41.50.

Brookfield Renewable Partners Stock Performance

The stock has a 50 day simple moving average of C$47.87 and a two-hundred day simple moving average of C$43.06. 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 cap of C$14.56 billion, a PE ratio of -160.00, a PEG ratio of 8.53 and a beta of 1.14.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last released its quarterly earnings results on Saturday, May 2nd. The company reported C($0.56) EPS for the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%.The company had revenue of C$2.10 billion for the quarter. Equities analysts predict that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.392 per share. This represents a $1.57 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, May 29th. Brookfield Renewable Partners’s dividend payout ratio is -503.67%.

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. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.