Brookfield Renewable Partners (TSE:BEP.UN) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$32.53 and traded as high as C$37.49. Brookfield Renewable Partners shares last traded at C$36.56, with a volume of 279,619 shares changing hands.

Analysts Set New Price Targets

Separately, Desjardins increased their price target 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.

Brookfield Renewable Partners Stock Up 1.2%

The stock has a market capitalization of C$10.64 billion, a P/E ratio of -42.90, a P/E/G ratio of 8.53 and a beta of 0.89. The company's 50-day moving average price is C$34.51 and its 200 day moving average price is C$32.58. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were issued a $0.373 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.00%. Brookfield Renewable Partners's dividend payout ratio is currently -219.54%.

Insider Transactions at Brookfield Renewable Partners

In related news, Senior Officer Nancy Patricia Dorn purchased 2,470 shares of Brookfield Renewable Partners stock in a transaction on Tuesday, May 20th. The shares were bought at an average cost of C$42.52 per share, for a total transaction of C$105,028.80.

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.