Brookfield Renewable Partners (TSE:BEP.UN) Stock Price Crosses Above 200 Day Moving Average of $33.48

Brookfield Renewable Partners LP (TSE:BEP.UNGet Free Report) (NYSE:BEP)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$33.48 and traded as high as C$38.35. Brookfield Renewable Partners shares last traded at C$38.25, with a volume of 206,511 shares changing hands.

Analysts Set New Price Targets

Separately, Desjardins raised their price objective on Brookfield Renewable Partners from C$37.00 to C$38.00 and gave the company a “hold” rating in a research report on Monday, May 6th.

Check Out Our Latest Stock Analysis on Brookfield Renewable Partners

Brookfield Renewable Partners Stock Up 1.7 %

The firm has a market capitalization of C$10.94 billion, a price-to-earnings ratio of -60.71, a P/E/G ratio of 8.53 and a beta of 0.81. The stock has a 50 day moving average of C$33.55 and a 200 day moving average of C$33.48. The company has a quick ratio of 0.45, a current ratio of 0.56 and a debt-to-equity ratio of 100.62.

Brookfield Renewable Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be paid a $0.355 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.42 dividend on an annualized basis and a yield of 3.71%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is -307.94%.

About Brookfield Renewable Partners

(Get Free Report)

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies.

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