Brookfield Renewable Partners (TSE:BEP.UN) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$43.75 and traded as high as C$50.86. Brookfield Renewable Partners shares last traded at C$49.89, with a volume of 316,671 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Desjardins upped their price objective on shares of 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 equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Brookfield Renewable Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of C$41.50.

Brookfield Renewable Partners Stock Up 0.1%

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 firm has a fifty day moving average price of C$48.34 and a 200 day moving average price of C$43.75. The firm has a market capitalization of C$15.13 billion, a price-to-earnings ratio of -166.30, a PEG ratio of 8.53 and a beta of 1.14.

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) last posted its quarterly earnings results on Saturday, May 2nd. The company reported C($0.56) earnings per share for the quarter. Brookfield Renewable Partners had a negative net margin of 4.20% and a positive return on equity of 0.46%. The business had revenue of C$2.10 billion during the quarter. As a group, sell-side analysts expect that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

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 given a dividend of $0.392 per share. This represents a $1.57 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, May 29th. Brookfield Renewable Partners’s payout ratio is presently -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.