Centrais El�tricas Brasileiras (NYSE:EBR) Hits New 1-Year High - Time to Buy?

Key Points

• Centrais Elétricas Brasileiras (NYSE: EBR) reached a new 52-week high of $8.56, closing at $8.49 with a trading volume of 1,886,359 shares.
• The company recently declared a dividend of $0.3219 per share, translating to a yield of 700%, significantly up from its previous dividend of $0.16.
• Analysts show a mixed outlook with two ratings for a Strong Buy and a recent downgrade to Hold by Wall Street Zen, with an average rating remaining at Strong Buy.

Centrais El�tricas Brasileiras SA (NYSE:EBR - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $8.56 and last traded at $8.49, with a volume of 1886359 shares. The stock had previously closed at $8.43.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EBR shares. Wall Street Zen downgraded shares of Centrais El�tricas Brasileiras from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Scotiabank raised shares of Centrais El�tricas Brasileiras to a "strong-buy" rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Centrais El�tricas Brasileiras presently has an average rating of "Strong Buy".

Centrais El�tricas Brasileiras Stock Up 0.7%

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.86. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 10.38 and a beta of 0.64. The stock's fifty day simple moving average is $7.59 and its two-hundred day simple moving average is $7.36.

Centrais El�tricas Brasileiras Increases Dividend

The business also recently declared a -- dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were issued a dividend of $0.3219 per share. This represents a yield of 700.0%. This is a boost from Centrais El�tricas Brasileiras's previous -- dividend of $0.16. The ex-dividend date was Monday, August 18th. Centrais El�tricas Brasileiras's dividend payout ratio is 125.00%.

Institutional Investors Weigh In On Centrais El�tricas Brasileiras

Several hedge funds and other institutional investors have recently modified their holdings of EBR. Barclays PLC grew its stake in shares of Centrais El�tricas Brasileiras by 301.9% in the fourth quarter. Barclays PLC now owns 10,047 shares of the utilities provider's stock worth $57,000 after acquiring an additional 7,547 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Centrais El�tricas Brasileiras by 124.1% in 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 during the last quarter. Stifel Financial Corp grew its stake in shares of Centrais El�tricas Brasileiras by 10.1% in the fourth quarter. Stifel Financial Corp now owns 37,941 shares of the utilities provider's stock worth $217,000 after acquiring an additional 3,480 shares during the last quarter. Millennium Management LLC grew its stake in shares of Centrais El�tricas Brasileiras by 336.5% in the fourth quarter. Millennium Management LLC now owns 4,196,607 shares of the utilities provider's stock worth $24,005,000 after acquiring an additional 3,235,114 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Centrais El�tricas Brasileiras in the fourth quarter worth $1,406,000. Institutional investors and hedge funds own 2.64% of the company's stock.

Centrais El�tricas Brasileiras 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.

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