Shares of Brookfield Renewable Partners LP (TSE:BEP.UN – Get Free Report) (NYSE:BEP) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.
Wall Street Analysts Forecast Growth
Separately, Desjardins raised their price target on Brookfield Renewable Partners from C$38.00 to C$40.00 and gave the stock a “hold” rating in a research report on Thursday, June 6th.
Read Our Latest Research Report on Brookfield Renewable Partners
Brookfield Renewable Partners Trading Down 5.6 %
Brookfield Renewable Partners Announces Dividend
The firm also recently declared 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. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Friday, May 31st. Brookfield Renewable Partners’s dividend payout ratio is presently -307.94%.
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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