Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.56 and traded as low as $6.09. Centrais Elétricas Brasileiras S.A. - Eletrobrás shares last traded at $6.15, with a volume of 640,211 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "buy" rating to a "strong-buy" rating in a research note on Friday, November 8th.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Up 4.2 %

The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06. The firm's fifty day moving average price is $5.91 and its two-hundred day moving average price is $6.55.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Cuts Dividend

The company also recently announced a -- dividend, which was paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th were issued a dividend of $0.1414 per share. This represents a dividend yield of 1%. The ex-dividend date was Monday, December 30th.

Hedge Funds Weigh In On Centrais Elétricas Brasileiras S.A. - Eletrobrás

Several institutional investors have recently made changes to their positions in EBR. Creative Planning increased its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 93.2% during the 3rd quarter. Creative Planning now owns 55,849 shares of the utilities provider's stock valued at $404,000 after purchasing an additional 26,938 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 30.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 21,755 shares of the utilities provider's stock worth $157,000 after acquiring an additional 5,089 shares in the last quarter. Signaturefd LLC increased its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 22.0% in the 3rd quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider's stock worth $68,000 after acquiring an additional 1,685 shares in the last quarter. Deltec Asset Management LLC increased its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 9.1% in the 3rd quarter. Deltec Asset Management LLC now owns 120,000 shares of the utilities provider's stock worth $868,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 1.8% in the 3rd quarter. Van ECK Associates Corp now owns 503,475 shares of the utilities provider's stock worth $3,358,000 after acquiring an additional 8,975 shares in the last quarter. 2.64% of the stock is 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.