Brookfield Renewable Partners (TSE:BEP.UN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Brookfield Renewable Partners LP (TSE:BEP.UNGet Free Report) (NYSE:BEP)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$33.30 and traded as high as C$34.67. Brookfield Renewable Partners shares last traded at C$34.54, with a volume of 424,172 shares traded.

Analyst Ratings Changes

Separately, Desjardins lifted their target price on shares of Brookfield Renewable Partners from C$40.00 to C$42.00 and gave the stock a “hold” rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Brookfield Renewable Partners currently has a consensus rating of “Hold” and an average target price of C$42.00.

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Brookfield Renewable Partners Price Performance

The business has a 50-day simple moving average of C$35.61 and a 200 day simple moving average of C$33.30. The firm has a market cap of C$9.85 billion, a P/E ratio of -39.70, a price-to-earnings-growth ratio of 8.53 and a beta of 0.89. 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 will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.49 dividend on an annualized basis and a yield of 4.3%. Brookfield Renewable Partners’s dividend payout ratio is presently -219.54%.

Brookfield Renewable Partners Company Profile

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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.

Further Reading

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