Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Reaches New 1-Year Low – Here’s Why

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) shares reached a new 52-week low during trading on Monday . The company traded as low as $5.45 and last traded at $5.48, with a volume of 610247 shares changing hands. The stock had previously closed at $5.59.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. StockNews.com upgraded 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 upgraded 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 Down 0.7 %

The firm’s 50 day simple moving average is $6.15 and its 200-day simple moving average is $6.74. The company has a market cap of $12.77 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 1.90 and a beta of 1.07. 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 declared a — dividend, which will be paid on Tuesday, January 21st. Investors of record on Monday, December 30th will be paid a dividend of $0.1414 per share. The ex-dividend date is Monday, December 30th. This represents a yield of 1%. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio is presently 28.57%.

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

A number of hedge funds have recently modified their holdings of EBR. Signaturefd LLC grew its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% during the second quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider’s stock worth $49,000 after buying an additional 4,867 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% in the 3rd quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,642 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of 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 valued at $157,000 after purchasing an additional 5,089 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 55.6% in the third quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider’s stock valued at $159,000 after purchasing an additional 7,843 shares during the period. Finally, First Affirmative Financial Network raised 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 worth $203,000 after purchasing an additional 8,307 shares during the last quarter. 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.