Brookfield Renewable Partners (TSE:BEP.UN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?
by Mitch Edgeman · The Markets DailyBrookfield Renewable Partners LP (TSE:BEP.UN – Get Free Report) (NYSE:BEP)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$43.33 and traded as high as C$50.27. Brookfield Renewable Partners shares last traded at C$49.83, with a volume of 532,209 shares.
Analyst Ratings Changes
Separately, Desjardins boosted their target price on shares of Brookfield Renewable Partners from C$45.00 to C$48.00 and gave the company a “hold” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Brookfield Renewable Partners has an average rating of “Moderate Buy” and a consensus target price of C$41.50.
Check Out Our Latest Analysis on BEP.UN
Brookfield Renewable Partners Stock Down 0.9%
The company has a market cap of C$14.97 billion, a price-to-earnings ratio of -164.57, a P/E/G ratio of 8.53 and a beta of 1.14. The company has a current ratio of 0.52, a quick ratio of 0.45 and a debt-to-equity ratio of 107.80. The business has a fifty day moving average price of C$48.10 and a two-hundred day moving average price of C$43.37.
Brookfield Renewable Partners (TSE:BEP.UN – Get Free Report) (NYSE:BEP) last posted its quarterly earnings results on Saturday, May 2nd. The company reported C($0.56) earnings per share (EPS) for the quarter. The company had revenue of C$2.10 billion during the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%. On average, equities analysts predict that Brookfield Renewable Partners LP will post 0.1012093 earnings per share for the current year.
Brookfield Renewable Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be paid a $0.392 dividend. This represents a $1.57 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, May 29th. Brookfield Renewable Partners’s dividend payout ratio is currently -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.