Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Shares Cross Below 200-Day Moving Average - Time to Sell?

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.67 and traded as low as $5.60. Centrais Elétricas Brasileiras S.A. - Eletrobrás shares last traded at $5.64, with a volume of 1,474,501 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EBR shares. Hsbc Global Res upgraded Centrais Elétricas Brasileiras S.A. - Eletrobrás to a "strong-buy" rating in a research report on Tuesday, October 15th. 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 Up 3.9 %

The firm's 50-day moving average is $5.91 and its 200-day moving average is $6.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Tuesday, January 21st. Investors of record on Monday, December 30th will be given a $0.1414 dividend. The ex-dividend date is Monday, December 30th. This represents a yield of 1%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of EBR. Signaturefd LLC lifted its holdings in shares of 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 during the last quarter. Sivia Capital Partners LLC lifted its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 26.0% in the third 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 last quarter. Sequoia Financial Advisors LLC lifted its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 30.5% in 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 last quarter. Quantinno Capital Management LP boosted its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 55.6% during 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 grew its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 41.9% during 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. Hedge funds and other institutional investors 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.