Centrais El�tricas Brasileiras (NYSE:EBR) Shares Gap Down - Time to Sell?

Key Points

• Centrais Elétricas Brasileiras (NYSE:EBR) shares gapped down from a previous close of $7.85 to open at $7.61, with recent trading at $7.58 and a trading volume of 316,354 shares.
• The stock received mixed ratings from analysts, with Wall Street Zen downgrading it from a "buy" to a "hold," while Scotiabank upgraded it to a "strong-buy," reflecting a current consensus rating of "Strong Buy."
• Centrais Elétricas Brasileiras announced an increased dividend of $0.3219, presenting a significant yield of 700.0%, up from its previous $0.16 dividend.

Centrais El�tricas Brasileiras SA (NYSE:EBR - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $7.85, but opened at $7.61. Centrais El�tricas Brasileiras shares last traded at $7.58, with a volume of 316,354 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen lowered Centrais El�tricas Brasileiras from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Scotiabank upgraded 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.com, the stock currently has a consensus rating of "Strong Buy".

Centrais El�tricas Brasileiras Stock Down 3.2%

The company has a 50-day simple moving average of $7.34 and a 200-day simple moving average of $7.17. The firm has a market cap of $17.10 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 10.09 and a beta of 0.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.86 and a quick ratio of 1.85.

Centrais El�tricas Brasileiras Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be paid a $0.3219 dividend. This represents a yield of 700.0%. This is a positive change from Centrais El�tricas Brasileiras's previous -- dividend of $0.16. The ex-dividend date of this dividend is Monday, August 18th. Centrais El�tricas Brasileiras's payout ratio is presently 53.85%.

Hedge Funds Weigh In On Centrais El�tricas Brasileiras

A number of large investors have recently bought and sold shares of the business. Yousif Capital Management LLC raised its stake in Centrais El�tricas Brasileiras by 4.8% in the second quarter. Yousif Capital Management LLC now owns 32,133 shares of the utilities provider's stock worth $239,000 after buying an additional 1,465 shares in the last quarter. 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 worth $26,000 after buying an additional 1,528 shares in the last quarter. First Trust Advisors LP raised its stake in Centrais El�tricas Brasileiras by 18.8% in the second quarter. First Trust Advisors LP now owns 14,865 shares of the utilities provider's stock worth $110,000 after buying an additional 2,356 shares in the last quarter. GAMMA Investing LLC raised its stake in Centrais El�tricas Brasileiras by 59.3% in the second quarter. GAMMA Investing LLC now owns 7,318 shares of the utilities provider's stock worth $54,000 after buying an additional 2,723 shares in the last quarter. Finally, Mariner LLC increased its position in shares of Centrais El�tricas Brasileiras by 11.5% during the fourth quarter. Mariner LLC now owns 29,316 shares of the utilities provider's stock worth $168,000 after purchasing an additional 3,031 shares in the last quarter. Institutional investors own 2.64% of the company's stock.

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.

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