Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.56 and traded as low as $6.09. Centrais Elétricas Brasileiras S.A. – Eletrobrás shares last traded at $6.15, with a volume of 640,211 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EBR. 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. StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 1.9 %

The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06. The firm has a 50 day simple moving average of $5.87 and a 200-day simple moving average of $6.56.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, January 21st. Investors of record on Monday, December 30th were issued a $0.1414 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a yield of 1%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EBR. AQR Capital Management LLC raised its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 14.2% in the 2nd quarter. AQR Capital Management LLC now owns 71,414 shares of the utilities provider’s stock valued at $459,000 after acquiring an additional 8,878 shares during the period. Atomi Financial Group Inc. raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 41.3% in the third quarter. Atomi Financial Group Inc. now owns 32,264 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 9,437 shares during the period. First Affirmative Financial Network lifted its stake in 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 in the last quarter. Sivia Capital Partners LLC lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% during 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 in the last quarter. Finally, Creative Planning boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 93.2% during the third quarter. Creative Planning now owns 55,849 shares of the utilities provider’s stock worth $404,000 after buying an additional 26,938 shares during the period. Institutional investors and hedge funds 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.