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

Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) gapped up prior to trading on Friday . The stock had previously closed at $6.40, but opened at $6.75. Centrais Elétricas Brasileiras S.A. – Eletrobrás shares last traded at $6.74, with a volume of 95,058 shares trading hands.

Analyst Upgrades and Downgrades

Separately, 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.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Up 1.8 %

The company has a market capitalization of $14.63 billion, a P/E ratio of 6.72, a PEG ratio of 4.35 and a beta of 1.05. 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 business’s 50-day moving average price is $6.03 and its two-hundred day moving average price is $6.53.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The firm also recently announced a — dividend, which was paid on Tuesday, January 21st. Shareholders of record on Monday, December 30th were paid a $0.1414 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a yield of 1%. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s payout ratio is 19.59%.

Institutional Investors Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás

Several large investors have recently modified their holdings of EBR. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 51.8% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 1,528 shares during the period. Mariner LLC boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 11.5% in the fourth quarter. Mariner LLC now owns 29,316 shares of the utilities provider’s stock valued at $168,000 after buying an additional 3,031 shares during the period. Stifel Financial Corp boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 10.1% in the fourth quarter. Stifel Financial Corp now owns 37,941 shares of the utilities provider’s stock valued at $217,000 after buying an additional 3,480 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 124.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 3,870 shares in the last quarter. Finally, Metis Global Partners LLC raised its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% during the third quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 3,934 shares during the period. 2.64% of the stock is currently owned by institutional investors.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

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.