Brookfield Renewable Partners (TSE:BEP.UN) Share Price Passes Above 200-Day Moving Average of $33.64

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$33.64 and traded as high as C$34.04. Brookfield Renewable Partners shares last traded at C$33.51, with a volume of 404,422 shares.

Wall Street Analysts Forecast Growth

Separately, Desjardins increased their price target 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 Trading Down 0.8 %

The firm has a fifty day simple moving average of C$34.79 and a 200-day simple moving average of C$33.64. The firm has a market cap of C$9.59 billion, a P/E ratio of -53.19, a price-to-earnings-growth ratio of 8.53 and a beta of 0.81. The company has a debt-to-equity ratio of 100.62, a current ratio of 0.56 and a quick ratio of 0.45.

Brookfield Renewable Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 28th will be issued a $0.355 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.42 annualized dividend and a yield of 4.24%. Brookfield Renewable Partners’s payout ratio 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.