Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $7.83, but opened at $7.46. Centrais Elétricas Brasileiras S.A. - Eletrobrás shares last traded at $7.33, with a volume of 195,336 shares.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "hold" rating to a "buy" rating in a report on Saturday, February 17th.
Read Our Latest Analysis on Centrais Elétricas Brasileiras S.A. - Eletrobrás
Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance
The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 1.75. The stock has a 50-day simple moving average of $8.08 and a 200-day simple moving average of $8.20.
Centrais Elétricas Brasileiras S.A. - Eletrobrás Increases Dividend
The firm also recently announced an annual dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 9th will be given a dividend of $0.059 per share. This represents a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, May 8th. This is a positive change from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous annual dividend of $0.04.
Institutional Trading of Centrais Elétricas Brasileiras S.A. - Eletrobrás
A number of institutional investors have recently added to or reduced their stakes in the stock. Barings LLC increased its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 226.6% during the first quarter. Barings LLC now owns 993,886 shares of the utilities provider's stock valued at $8,299,000 after buying an additional 689,593 shares during the period. Sivia Capital Partners LLC bought a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás in the 4th quarter valued at $98,000. Barometer Capital Management Inc. purchased a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 4th quarter valued at $119,000. Tower Research Capital LLC TRC raised its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 115.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,529 shares of the utilities provider's stock worth $108,000 after buying an additional 6,704 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás during the fourth quarter valued at $200,000. Hedge funds and other institutional investors own 6.54% of the company's stock.
Centrais Elétricas Brasileiras S.A. - Eletrobrás Company Profile
(
Get Free Report)
Centrais Elétricas Brasileiras SA - Eletrobrás, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind, and solar plants. It owned and operated 32 hydroelectric plants; As of December 31, 2022, it operated 32 hydroelectric plants; five thermal plants, including coal and gas power generation units with a total installed capacity of 1,482 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts.
Read More
Before you consider Centrais Elétricas Brasileiras S.A. - Eletrobrás, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Centrais Elétricas Brasileiras S.A. - Eletrobrás wasn't on the list.
While Centrais Elétricas Brasileiras S.A. - Eletrobrás currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
