Brookfield Renewable Partners (TSE:BEP.UN) Shares Cross Above 200 Day Moving Average – Should You Sell?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$38.21 and traded as high as C$43.52. Brookfield Renewable Partners shares last traded at C$43.29, with a volume of 294,435 shares.

Wall Street Analyst Weigh In

Separately, Raymond James Financial upped their target price on Brookfield Renewable Partners from C$33.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$38.50.

Brookfield Renewable Partners Trading Up 2.3%

The stock has a market cap of C$13.25 billion, a price-to-earnings ratio of -173.16, a price-to-earnings-growth ratio of 8.53 and a beta of 1.20. The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52. The company’s 50 day simple moving average is C$39.04 and its two-hundred day simple moving average is C$38.21.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last posted its earnings results on Friday, January 30th. The company reported C$0.74 EPS for the quarter. Brookfield Renewable Partners had a negative net margin of 4.20% and a positive return on equity of 0.46%. The company had revenue of C$2.11 billion during the quarter. Research analysts expect that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current fiscal year.

Brookfield Renewable Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.373 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.49 dividend on an annualized basis and a yield of 3.4%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -596.80%.

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.