Centrais El�tricas Brasileiras (NYSE:EBR) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Centrais El�tricas Brasileiras (NYSE:EBR) from a hold rating to a buy rating in a research report released on Saturday.

EBR has been the topic of a number of other reports. Weiss Ratings restated a “hold (c)” rating on shares of Centrais El�tricas Brasileiras in a report on Wednesday, October 8th. Scotiabank raised Centrais El�tricas Brasileiras to a “strong-buy” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Centrais El�tricas Brasileiras has an average rating of “Moderate Buy”.

Centrais El�tricas Brasileiras Stock Performance

Shares of EBR stock opened at $11.04 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.86. Centrais El�tricas Brasileiras has a 52 week low of $5.45 and a 52 week high of $11.27. The company’s 50 day moving average price is $9.58 and its two-hundred day moving average price is $8.20. The company has a market capitalization of $24.84 billion, a P/E ratio of 21.22 and a beta of 0.62.

Centrais El�tricas Brasileiras Dividend Announcement

The company also recently declared a special dividend, which will be paid on Monday, December 29th. Investors of record on Monday, November 17th will be paid a $0.3525 dividend. The ex-dividend date is Monday, November 17th. Centrais El�tricas Brasileiras’s payout ratio is 123.08%.

Institutional Trading of Centrais El�tricas Brasileiras

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Centrais El�tricas Brasileiras by 184.3% during the 1st quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 2,979 shares during the period. Wealthquest Corp acquired a new stake in Centrais El�tricas Brasileiras during the first quarter worth about $33,000. Vise Technologies Inc. bought a new position in Centrais El�tricas Brasileiras in the 2nd quarter valued at about $74,000. Drive Wealth Management LLC acquired a new position in shares of Centrais El�tricas Brasileiras in the 2nd quarter valued at approximately $75,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Centrais El�tricas Brasileiras by 957.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 12,198 shares of the utilities provider’s stock worth $91,000 after acquiring an additional 11,045 shares during the period. Institutional investors own 2.64% of the company’s stock.

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.