Brookfield Renewable Partners (TSE:BEP.UN) Stock Passes Above 200 Day Moving Average – What’s Next?

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$34.07 and traded as high as C$37.35. Brookfield Renewable Partners shares last traded at C$36.14, with a volume of 367,090 shares changing hands.

Brookfield Renewable Partners Stock Performance

The company has a market capitalization of C$10.30 billion, a P/E ratio of -42.52, a P/E/G ratio of 8.53 and a beta of 0.89. 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 company’s fifty day moving average is C$34.43 and its 200 day moving average is C$34.07.

Brookfield Renewable Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Renewable Partners’s payout ratio is -224.71%.

Insider Activity at Brookfield Renewable Partners

In related news, Director Nancy Patricia Dorn bought 1,728 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average cost of C$39.06 per share, with a total value of C$67,498.17.

Brookfield Renewable Partners Company Profile

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.