Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Shares Gap Up – What’s Next?

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $7.12, but opened at $7.35. Centrais Elétricas Brasileiras S.A. – Eletrobrás shares last traded at $7.39, with a volume of 94,782 shares traded.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

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 firm has a market cap of $15.65 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 4.35 and a beta of 1.00. The stock’s fifty day moving average price is $6.69 and its 200-day moving average price is $6.44.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last announced its earnings results on Friday, March 14th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $10.17 billion. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%. Equities research analysts predict that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current fiscal year.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Increases Dividend

The firm also recently announced a — dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th will be issued a $0.1575 dividend. This is an increase from Centrais Elétricas Brasileiras S.A. – Eletrobrás’s previous — dividend of $0.14. The ex-dividend date is Wednesday, April 30th. This represents a dividend yield of 4%. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio is currently 23.17%.

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

Institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. lifted its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 51.8% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider’s stock worth $26,000 after buying an additional 1,528 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 124.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 3,870 shares during the last quarter. Barclays PLC increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 301.9% in the 4th quarter. Barclays PLC now owns 10,047 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 7,547 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter worth about $62,000. Finally, First Trust Advisors LP purchased a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 4th quarter worth about $81,000. 2.64% of the stock is currently owned by institutional investors and hedge funds.

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.