Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) from a buy rating to a hold rating in a research note published on Thursday.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Performance

NYSE EBR traded up $0.08 during trading hours on Thursday, reaching $7.48. The company's stock had a trading volume of 646,553 shares, compared to its average volume of 1,322,085. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $7.34 and a 200 day simple moving average of $6.56. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 52 week low of $5.45 and a 52 week high of $7.83. The stock has a market cap of $16.79 billion, a PE ratio of 9.84, a PEG ratio of 4.35 and a beta of 0.75.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.17). Centrais Elétricas Brasileiras S.A. - Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $10.28 billion. Equities research analysts predict that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 earnings per share for the current fiscal year.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Increases Dividend

The company also recently declared a -- dividend, which was paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.1575 per share. The ex-dividend date was Wednesday, April 30th. This is a boost from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous -- dividend of $0.14. This represents a dividend yield of 4%. Centrais Elétricas Brasileiras S.A. - Eletrobrás's dividend payout ratio (DPR) is 36.84%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 51.8% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 1,528 shares during the last quarter. Wealthquest Corp acquired a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás in the first quarter worth approximately $33,000. GAMMA Investing LLC increased its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás 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 in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 124.1% during the 4th 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. Finally, Barclays PLC boosted its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 301.9% during 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 in the last quarter. Institutional investors 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.