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

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$45.43 and traded as high as C$47.50. Brookfield Renewable Partners shares last traded at C$45.86, with a volume of 338,899 shares.

Analysts Set New Price Targets

Separately, Desjardins increased their target price 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 investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$41.50.

Brookfield Renewable Partners Price Performance

The stock has a market capitalization of C$14.03 billion, a price-to-earnings ratio of -104.23, a PEG ratio of 8.53 and a beta of 1.21. 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 has a fifty day simple moving average of C$47.94 and a two-hundred day simple moving average of C$45.43.

Brookfield Renewable Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a $0.392 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 3.4%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -347.73%.

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.