Centrais El�tricas Brasileiras (NYSE:EBR) Sets 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)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $8.56 and last traded at $8.49, with a volume of 1886359 shares changing hands. The stock had previously closed at $8.43.

Wall Street Analyst Weigh In

EBR has been the topic of several research analyst reports. Wall Street Zen downgraded Centrais El�tricas Brasileiras from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Scotiabank raised Centrais El�tricas Brasileiras to a "strong-buy" rating in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Strong Buy".

Centrais El�tricas Brasileiras Stock Down 0.4%

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 stock has a market capitalization of $20.22 billion, a PE ratio of 17.28, a PEG ratio of 10.68 and a beta of 0.63. The business has a 50 day moving average of $7.66 and a two-hundred day moving average of $7.42.

Centrais El�tricas Brasileiras Increases Dividend

The firm also recently declared a -- dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were paid a $0.3219 dividend. 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 (DPR) is 125.00%.

Institutional Investors Weigh In On Centrais El�tricas Brasileiras

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBR. Point72 Asia Singapore Pte. Ltd. raised its stake in Centrais El�tricas Brasileiras 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 during the last quarter. Wealthquest Corp purchased a new stake in Centrais El�tricas Brasileiras in the first quarter valued at about $33,000. GAMMA Investing LLC raised its stake in Centrais El�tricas Brasileiras by 184.3% in the first quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider's stock valued at $33,000 after buying an additional 2,979 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of Centrais El�tricas Brasileiras in the fourth quarter worth about $62,000. Finally, Vise Technologies Inc. purchased a new position in shares of Centrais El�tricas Brasileiras in the second quarter worth about $74,000. 2.64% of the stock is currently owned by hedge funds and other institutional investors.

About Centrais El�tricas Brasileiras

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.