Brookfield Renewable Partners LP (TSE:BEP.UN – Get Free Report) (NYSE:BEP) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$33.45 and traded as high as C$35.75. Brookfield Renewable Partners shares last traded at C$35.38, with a volume of 370,383 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Desjardins increased their price objective on shares of Brookfield Renewable Partners from C$38.00 to C$40.00 and gave the company a “hold” rating in a report on Thursday, June 6th.
Read Our Latest Report on BEP.UN
Brookfield Renewable Partners Price Performance
Brookfield Renewable Partners Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be issued a $0.355 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.42 dividend on an annualized basis and a yield of 4.01%. Brookfield Renewable Partners’s dividend payout ratio is presently -225.88%.
Insiders Place Their Bets
In other Brookfield Renewable Partners news, Director Nancy Patricia Dorn purchased 1,728 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of C$39.06 per share, for a total transaction of C$67,498.17.
Brookfield Renewable Partners Company Profile
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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