Centrais El�tricas Brasileiras (NYSE:EBR) Shares Gap Down - Should You 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)'s stock price gapped down before the market opened 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 Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Centrais El�tricas Brasileiras from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Scotiabank upgraded shares of Centrais El�tricas Brasileiras to a "strong-buy" rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Centrais El�tricas Brasileiras has a consensus rating of "Strong Buy".

Centrais El�tricas Brasileiras Stock Performance

The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 9.67 and a beta of 0.56. The company has a current ratio of 1.86, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock's 50 day moving average is $7.36 and its two-hundred day moving average is $7.20.

Centrais El�tricas Brasileiras Increases Dividend

The company also recently announced a -- dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be paid a $0.3219 dividend. This is a boost from Centrais El�tricas Brasileiras's previous -- dividend of $0.16. The ex-dividend date is Monday, August 18th. This represents a dividend yield of 700.0%. Centrais El�tricas Brasileiras's dividend payout ratio (DPR) is 115.38%.

Institutional Trading of Centrais El�tricas Brasileiras

Several hedge funds have recently made changes to their positions in EBR. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Centrais El�tricas Brasileiras by 51.8% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider's stock worth $26,000 after acquiring an additional 1,528 shares during the period. GAMMA Investing LLC lifted its stake in shares of Centrais El�tricas Brasileiras by 184.3% in the 1st quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider's stock worth $33,000 after acquiring an additional 2,979 shares during the period. Wealthquest Corp acquired a new stake in shares of Centrais El�tricas Brasileiras in the 1st quarter worth $33,000. Tower Research Capital LLC TRC lifted its stake in shares of Centrais El�tricas Brasileiras by 124.1% in the 4th 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 period. Finally, Barclays PLC lifted its stake in shares of Centrais El�tricas Brasileiras by 301.9% in the 4th 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 period. Institutional investors and hedge funds 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.