Brookfield Renewable Partners (TSE:BEP.UN) Shares Cross Above 200 Day Moving Average of $33.39

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$33.39 and traded as high as C$33.82. Brookfield Renewable Partners shares last traded at C$33.70, with a volume of 361,898 shares trading hands.

Analyst Ratings Changes

Separately, Desjardins upped their price target on shares of Brookfield Renewable Partners from C$38.00 to C$40.00 and gave the company a “hold” rating in a research report on Thursday, June 6th.

Brookfield Renewable Partners Stock Up 3.8 %

The company’s 50 day moving average price is C$33.98 and its two-hundred day moving average price is C$33.39. The company has a current ratio of 0.52, a quick ratio of 0.45 and a debt-to-equity ratio of 107.80. The firm has a market cap of C$9.61 billion, a PE ratio of -39.65, a PEG ratio of 8.53 and a beta of 0.87.

Brookfield Renewable Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.42 annualized dividend and a yield of 4.21%. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -230.59%.

Insider Buying and Selling at Brookfield Renewable Partners

In other news, Director Nancy Patricia Dorn bought 1,728 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were bought at an average price of C$39.06 per share, for a total transaction of C$67,498.17.

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.