Brookfield Renewable Partners (TSE:BEP.UN) Stock Crosses Above 200 Day Moving Average - What's Next?

Shares of Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$37.99 and traded as high as C$41.60. Brookfield Renewable Partners shares last traded at C$41.60, with a volume of 188,744 shares traded.Wall Street Analysts Forecast GrowthSeparately, Raymond James Financial increased their target price on Brookfield Renewable Partners from C$33.00 to C$35.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Brookfield Renewable Partners has an average rating of "Moderate Buy" and a consensus target price of C$38.50.Check Out Our Latest Analysis on Brookfield Renewable PartnersBrookfield Renewable Partners Stock PerformanceThe firm has a market cap of C$12.73 billion, a P/E ratio of -166.40, a PEG ratio of 8.53 and a beta of 1.20. 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 company's 50-day moving average is C$38.64 and its two-hundred day moving average is C$37.99. Brookfield Renewable Partners (TSE:BEP.UN - Get Free Report) NYSE: BEP last issued its quarterly earnings data on Friday, January 30th. The company reported C$0.74 EPS for the quarter. The firm had revenue of C$2.11 billion during the quarter. Brookfield Renewable Partners had a positive return on equity of 0.46% and a negative net margin of 4.20%. As a group, equities analysts predict that Brookfield Renewable Partners LP will post 0.1012093 EPS for the current fiscal year. Brookfield Renewable Partners Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.373 per share. The ex-dividend date was Friday, November 28th. This represents a $1.49 annualized dividend and a yield of 3.6%. Brookfield Renewable Partners's dividend payout ratio (DPR) is -596.80%. Brookfield Renewable Partners Company Profile (Get Free Report)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.See AlsoFive stocks we like better than Brookfield Renewable PartnersNEW LAW: Congress Approves Setup For Digital Dollar?The day the gold market brokeWhat a Former CIA Agent Knows About the Coming CollapseYour Bank Account Is No Longer SafeHe just nailed another gold prediction …This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Brookfield Renewable Partners Right Now?Before you consider Brookfield Renewable Partners, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield Renewable Partners wasn't on the list.While Brookfield Renewable Partners currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here