Brookfield Renewable Partners (TSE:BEP.UN) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Shares of Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$32.32 and traded as high as C$34.97. Brookfield Renewable Partners shares last traded at C$34.72, with a volume of 228,684 shares traded.

Brookfield Renewable Partners Stock Down 1.1%

The company has a debt-to-equity ratio of 107.80, a quick ratio of 0.45 and a current ratio of 0.52. The stock's 50 day simple moving average is C$33.26 and its 200 day simple moving average is C$32.32. The firm has a market cap of C$9.90 billion, a P/E ratio of -39.91, a price-to-earnings-growth ratio of 8.53 and a beta of 0.89.

Brookfield Renewable Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were given a $0.373 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.49 annualized dividend and a yield of 4.30%. Brookfield Renewable Partners's dividend payout ratio is currently -219.54%.

Insiders Place Their Bets

In other Brookfield Renewable Partners news, Senior Officer Nancy Patricia Dorn acquired 2,470 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were acquired at an average cost of C$42.52 per share, with a total value 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.

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