Brookfield Renewable Partners (TSE:BEP.UN) Stock Crosses Above 200-Day Moving Average of $33.50

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$33.50 and traded as high as C$33.78. Brookfield Renewable Partners shares last traded at C$33.25, with a volume of 206,613 shares traded.

Analysts Set New Price Targets

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 0.2 %

The business has a 50 day simple moving average of C$35.23 and a 200 day simple moving average of C$33.49. The company has a debt-to-equity ratio of 100.62, a current ratio of 0.56 and a quick ratio of 0.45. The stock has a market cap of C$9.51 billion, a PE ratio of -52.78, a P/E/G ratio of 8.53 and a beta of 0.81.

Brookfield Renewable Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date was Friday, May 31st. Brookfield Renewable Partners’s dividend payout ratio is presently -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.