Brookfield Renewable Partners (TSE:BEP.UN) Stock Price Passes Above 200 Day Moving Average of $53.36

Shares of Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $53.36 and traded as high as $63.18. Brookfield Renewable Partners shares last traded at $63.15, with a volume of 153,040 shares traded.

Separately, National Bank Financial upped their price objective on Brookfield Renewable Partners from C$42.50 to C$46.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 4th.

The company has a quick ratio of 0.56, a current ratio of 1.22 and a debt-to-equity ratio of 64.79. The firm has a 50 day simple moving average of C$61.35 and a 200-day simple moving average of C$53.54. The stock has a market cap of $11.22 billion and a P/E ratio of 139.36.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.515 dividend. The ex-dividend date of this dividend was Thursday, November 28th. This represents a $2.06 annualized dividend and a yield of 3.28%. Brookfield Renewable Partners’s dividend payout ratio is 597.78%.

About Brookfield Renewable Partners (TSE:BEP.UN)

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.

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