Wall Street Zen Downgrades Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) to Hold

Wall Street Zen downgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) from a buy rating to a hold rating in a research report report published on Thursday morning.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 0.6%

EBR opened at $7.40 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a fifty-two week low of $5.45 and a fifty-two week high of $7.83. The company has a market capitalization of $16.61 billion, a P/E ratio of 9.73, a P/E/G ratio of 4.35 and a beta of 0.75. The stock has a fifty day moving average of $7.34 and a 200-day moving average of $6.55.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last issued its quarterly earnings results on Thursday, May 15th. The utilities provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $10.28 billion. On average, equities analysts expect that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current year.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Increases Dividend

The business also recently declared a — dividend, which was paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th were given a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a dividend yield of 4%. This is a boost from Centrais Elétricas Brasileiras S.A. – Eletrobrás’s previous — dividend of $0.14. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio (DPR) is presently 36.84%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 51.8% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 1,528 shares during the period. GAMMA Investing LLC increased its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 184.3% in the first quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 2,979 shares during the period. Wealthquest Corp bought a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the first quarter worth $33,000. Tower Research Capital LLC TRC increased its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 124.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 3,870 shares during the period. Finally, Barclays PLC increased its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 301.9% in the fourth 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 period. 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.