Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.67 and traded as low as $5.60. Centrais Elétricas Brasileiras S.A. – Eletrobrás shares last traded at $5.64, with a volume of 1,474,501 shares.

Wall Street Analysts Forecast Growth

EBR has been the subject of a number of analyst reports. StockNews.com raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th. Hsbc Global Res raised Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research report on Tuesday, October 15th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 0.5 %

The firm’s 50-day moving average is $5.93 and its 200 day moving average is $6.67. 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 Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th will be issued a dividend of $0.1414 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a dividend yield of 1%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.0% in the 3rd quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 1,685 shares during the period. Sivia Capital Partners LLC increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% during the 3rd 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. Sequoia Financial Advisors LLC raised its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 30.5% in the third quarter. Sequoia Financial Advisors LLC now owns 21,755 shares of the utilities provider’s stock valued at $157,000 after buying an additional 5,089 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 55.6% during the 3rd quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider’s stock valued at $159,000 after acquiring an additional 7,843 shares in the last quarter. Finally, First Affirmative Financial Network increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 41.9% in the 3rd quarter. First Affirmative Financial Network now owns 28,122 shares of the utilities provider’s stock valued at $203,000 after purchasing an additional 8,307 shares in the last quarter. 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.