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

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $6.40, but opened at $6.75. Centrais Elétricas Brasileiras S.A. - Eletrobrás shares last traded at $6.74, with a volume of 95,058 shares.

Analyst Ratings Changes

Separately, StockNews.com raised 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 Performance

The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 4.35 and a beta of 1.05. The stock has a 50 day moving average of $6.05 and a 200 day moving average of $6.51. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Cuts Dividend

The company also recently announced a -- dividend, which was paid on Tuesday, January 21st. Investors of record on Monday, December 30th were paid a dividend of $0.1414 per share. This represents a yield of 1%. The ex-dividend date was Monday, December 30th. Centrais Elétricas Brasileiras S.A. - Eletrobrás's dividend payout ratio is presently 19.59%.

Institutional Trading of Centrais Elétricas Brasileiras S.A. - Eletrobrás

A number of institutional investors have recently bought and sold shares of EBR. Vinland Capital Management Gestora de Recursos LTDA. bought a new stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 4th quarter valued at about $320,000. Sanctuary Advisors LLC bought a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 4th quarter worth approximately $517,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 3rd quarter worth approximately $4,338,000. Van ECK Associates Corp grew its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 4.1% during the 4th quarter. Van ECK Associates Corp now owns 524,314 shares of the utilities provider's stock worth $2,999,000 after buying an additional 20,839 shares during the period. Finally, Metis Global Partners LLC increased its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 12.3% in the 3rd quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider's stock valued at $260,000 after acquiring an additional 3,934 shares in the last quarter. Institutional investors own 2.64% of the company's stock.

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.