Brookfield Renewable Partners LP (TSE:BEP.UN – Get Free Report) (NYSE:BEP)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$45.78 and traded as high as C$49.11. Brookfield Renewable Partners shares last traded at C$49.09, with a volume of 501,075 shares changing hands.
Analysts Set New Price Targets
Separately, Desjardins upped their target price on Brookfield Renewable Partners from C$45.00 to C$48.00 and gave the company a “hold” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$41.50.
Check Out Our Latest Stock Report on BEP.UN
Brookfield Renewable Partners Stock Down 1.8%
Brookfield Renewable Partners Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a dividend of $0.392 per share. The ex-dividend date was Friday, May 29th. This represents a $1.57 dividend on an annualized basis and a yield of 3.3%. Brookfield Renewable Partners’s dividend payout ratio is currently -347.73%.
About Brookfield Renewable Partners
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. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corporation.
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