Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Shares Gap Down – What’s Next?

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $5.72, but opened at $5.50. Centrais Elétricas Brasileiras S.A. – Eletrobrás shares last traded at $5.58, with a volume of 258,164 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EBR. StockNews.com raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th. Hsbc Global Res upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research report on Tuesday, October 15th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

The stock has a market capitalization of $13.07 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 1.90 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04. The stock has a 50-day moving average of $6.08 and a 200 day moving average of $6.72.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Tuesday, January 21st. Investors of record on Monday, December 30th will be issued a $0.1414 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a yield of 1%. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio is currently 28.57%.

Institutional Trading of Centrais Elétricas Brasileiras S.A. – Eletrobrás

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% in the second quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 4,867 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% during the third quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,642 shares during the period. Sequoia Financial Advisors LLC increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 30.5% in the third quarter. Sequoia Financial Advisors LLC now owns 21,755 shares of the utilities provider’s stock valued at $157,000 after purchasing an additional 5,089 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 55.6% in the third quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider’s stock worth $159,000 after purchasing an additional 7,843 shares during the period. Finally, First Affirmative Financial Network grew its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 41.9% in the 3rd quarter. First Affirmative Financial Network now owns 28,122 shares of the utilities provider’s stock valued at $203,000 after buying an additional 8,307 shares during the period. Institutional investors own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.