Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Shares Gap Down - Time to Sell?

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report)'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 changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. 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. Hsbc Global Res raised shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás to a "strong-buy" rating in a research report on Tuesday, October 15th.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Performance

The business has a 50-day moving average of $6.08 and a 200 day moving average of $6.72. 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 $13.19 billion, a PE ratio of 8.19, a PEG ratio of 1.90 and a beta of 1.07.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Cuts Dividend

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

Institutional Investors Weigh In On Centrais Elétricas Brasileiras S.A. - Eletrobrás

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC lifted its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 22.0% during the third quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider's stock valued at $68,000 after purchasing an additional 1,685 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 26.0% during the 3rd quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider's stock worth $93,000 after purchasing an additional 2,642 shares during the period. Metis Global Partners LLC lifted its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 12.3% in the third quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider's stock worth $260,000 after acquiring an additional 3,934 shares during the period. Sequoia Financial Advisors LLC increased 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 valued at $157,000 after buying an additional 5,089 shares during the period. Finally, Natixis Advisors LLC increased its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 12.3% in the 3rd quarter. Natixis Advisors LLC now owns 50,727 shares of the utilities provider's stock valued at $367,000 after acquiring an additional 5,552 shares during the period. 2.64% of the stock is currently owned by hedge funds and other institutional investors.

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.