Centrais El�tricas Brasileiras (NYSE:EBR) Hits New 52-Week High – Time to Buy?

Centrais El�tricas Brasileiras SA (NYSE:EBR) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $9.79 and last traded at $9.79, with a volume of 323190 shares trading hands. The stock had previously closed at $9.47.

Analyst Ratings Changes

Separately, Scotiabank upgraded Centrais El�tricas Brasileiras to a “strong-buy” rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company has an average rating of “Strong Buy”.

Centrais El�tricas Brasileiras Stock Performance

The company has a 50-day moving average of $8.07 and a 200 day moving average of $7.59. The company has a quick ratio of 1.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $21.93 billion, a PE ratio of 18.75, a PEG ratio of 10.37 and a beta of 0.63.

Centrais El�tricas Brasileiras Increases Dividend

The company also recently disclosed a — dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were issued a $0.3219 dividend. This represents a dividend yield of 700.0%. The ex-dividend date was Monday, August 18th. This is an increase from Centrais El�tricas Brasileiras’s previous — dividend of $0.16. Centrais El�tricas Brasileiras’s dividend payout ratio (DPR) is currently 125.00%.

Hedge Funds Weigh In On Centrais El�tricas Brasileiras

A number of hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of Centrais El�tricas Brasileiras by 62.1% in the 2nd quarter. American Century Companies Inc. now owns 1,107,818 shares of the utilities provider’s stock worth $8,231,000 after purchasing an additional 424,417 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Centrais El�tricas Brasileiras by 92.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 658,681 shares of the utilities provider’s stock worth $4,677,000 after purchasing an additional 315,607 shares in the last quarter. Kapitalo Investimentos Ltda boosted its holdings in shares of Centrais El�tricas Brasileiras by 3,872.3% in the 1st quarter. Kapitalo Investimentos Ltda now owns 588,811 shares of the utilities provider’s stock worth $4,181,000 after purchasing an additional 573,988 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Centrais El�tricas Brasileiras by 105.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 563,836 shares of the utilities provider’s stock valued at $4,003,000 after acquiring an additional 289,184 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Centrais El�tricas Brasileiras by 10.1% in the 2nd quarter. Hsbc Holdings PLC now owns 482,797 shares of the utilities provider’s stock valued at $3,587,000 after acquiring an additional 44,281 shares during the last quarter. 2.64% of the stock is currently owned by hedge funds and other institutional investors.

About Centrais El�tricas Brasileiras

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.