Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Shares Gap Down – Should You Sell?

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $5.72, but opened at $5.50. Centrais Elétricas Brasileiras S.A. – Eletrobrás shares last traded at $5.58, with a volume of 258,164 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on EBR shares. StockNews.com upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th. Hsbc Global Res upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a report on Tuesday, October 15th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

The stock has a market cap of $13.07 billion, a P/E ratio of 8.11, a PEG ratio of 1.90 and a beta of 1.07. The company has a 50 day simple moving average of $6.08 and a 200 day simple moving average of $6.72. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th will be issued a $0.1414 dividend. This represents a dividend yield of 1%. The ex-dividend date is Monday, December 30th. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s payout ratio is 28.57%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% during the second quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider’s stock worth $49,000 after buying an additional 4,867 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% in the 3rd quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,642 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 30.5% during the third quarter. Sequoia Financial Advisors LLC now owns 21,755 shares of the utilities provider’s stock worth $157,000 after purchasing an additional 5,089 shares during the period. Quantinno Capital Management LP raised its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 55.6% in the third quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider’s stock valued at $159,000 after buying an additional 7,843 shares during the period. Finally, First Affirmative Financial Network lifted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 41.9% in the third quarter. First Affirmative Financial Network now owns 28,122 shares of the utilities provider’s stock valued at $203,000 after buying an additional 8,307 shares during the last quarter. Institutional investors and hedge funds 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.