Brookfield Renewable Partners (TSE:BEP.UN) Share Price Passes Above Two Hundred Day Moving Average of $33.63

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$33.63 and traded as high as C$36.02. Brookfield Renewable Partners shares last traded at C$33.85, with a volume of 371,059 shares.

Wall Street Analyst Weigh In

Separately, Desjardins lifted their target price on Brookfield Renewable Partners from C$38.00 to C$40.00 and gave the stock a “hold” rating in a report on Thursday, June 6th.

Brookfield Renewable Partners Stock Down 5.6 %

The stock has a market cap of C$9.68 billion, a price-to-earnings ratio of -53.73, a PEG ratio of 8.53 and a beta of 0.81. The business’s 50 day moving average is C$35.58 and its 200-day moving average is C$33.63. The company has a debt-to-equity ratio of 100.62, a quick ratio of 0.45 and a current ratio of 0.56.

Brookfield Renewable Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were paid a dividend of $0.355 per share. The ex-dividend date was Friday, May 31st. This represents a $1.42 annualized dividend and a yield of 4.19%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is currently -307.94%.

About Brookfield Renewable Partners

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.