Brookfield Renewable Partners (TSE:BEP.UN) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) 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 traded.

Wall Street Analyst Weigh In

Separately, Desjardins boosted their target price on 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 analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$41.50.

Brookfield Renewable Partners Stock Performance

The firm’s 50 day simple moving average is C$47.83 and its 200-day simple moving average is C$45.48. The company has a market capitalization of C$14.13 billion, a price-to-earnings ratio of -104.95, a P/E/G 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.

Brookfield Renewable Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.392 per share. This represents a $1.57 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Renewable Partners’s payout ratio 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.