Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Shares Gap Up – Should You Buy?

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) shares gapped up before the market opened 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.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

The company has a market capitalization of $14.63 billion, a price-to-earnings ratio of 6.72, a P/E/G ratio of 4.35 and a beta of 1.05. The stock’s 50 day moving average price is $6.03 and its 200 day moving average price is $6.53. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The business also recently declared a — dividend, which was paid on Tuesday, January 21st. Investors of record on Monday, December 30th were given a dividend of $0.1414 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a yield of 1%. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio (DPR) is presently 19.59%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 51.8% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider’s stock valued at $26,000 after buying an additional 1,528 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 124.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 3,870 shares during the last quarter. Barclays PLC grew its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 301.9% in the 4th quarter. Barclays PLC now owns 10,047 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 7,547 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 4th quarter worth about $62,000. Finally, First Trust Advisors LP bought a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter valued at about $81,000. Institutional investors and hedge funds own 2.64% of the company’s stock.

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.