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

Key Points

• Brokefield Renewable Partners' stock price has crossed above its 200-day moving average of C$33.30, reaching a high of C$34.67 during trading.
• Desjardins has increased their target price for the stock from C$40.00 to C$42.00 and issued a "hold" rating.
• The company has announced a quarterly dividend of $0.373 per share, with an annualized yield of 4.3%, slated for payment on September 30th.

Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP crossed 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 changing hands.

Analyst Ratings Changes

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

Brookfield Renewable Partners Price Performance

The business has a fifty day moving average price of C$35.61 and a 200-day moving average price of C$33.30. 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 stock has a market capitalization of C$9.85 billion, a PE ratio of -39.70, a PEG ratio of 8.53 and a beta of 0.89.

Brookfield Renewable Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 30th will be given a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, August 29th. Brookfield Renewable Partners's dividend payout ratio (DPR) is presently -219.54%.

Brookfield Renewable Partners Company Profile

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.

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