StockNews.com Downgrades Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) to Buy

StockNews.com lowered shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

NYSE EBR opened at $7.35 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04. The company has a market cap of $16.51 billion, a P/E ratio of 8.96, a P/E/G ratio of 4.35 and a beta of 0.75. The stock has a 50-day moving average of $7.29 and a two-hundred day moving average of $6.52. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1-year low of $5.45 and a 1-year high of $7.83.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last announced its quarterly earnings data on Friday, March 14th. The utilities provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $10.17 billion. As a group, analysts anticipate that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current year.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a dividend yield of 4%. This is a positive change from Centrais Elétricas Brasileiras S.A. – Eletrobrás’s previous — dividend of $0.14. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio is currently 32.93%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 51.8% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 1,528 shares during the period. Wealthquest Corp acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the first quarter worth about $33,000. GAMMA Investing LLC grew its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 184.3% during the first quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider’s stock worth $33,000 after buying an additional 2,979 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 124.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider’s stock worth $40,000 after buying an additional 3,870 shares during the period. Finally, Barclays PLC lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 301.9% in the fourth 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 last quarter. 2.64% of the stock is currently owned by hedge funds and other institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

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.