Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Sees Large Volume Increase

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBRGet Rating) shares saw strong trading volume on Friday . 53,103 shares traded hands during trading, a decline of 97% from the previous session’s volume of 2,059,562 shares.The stock last traded at $8.72 and had previously closed at $8.87.

Separately, StockNews.com downgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 14th.

The firm has a 50-day moving average price of $8.46 and a 200 day moving average price of $7.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.71 and a quick ratio of 1.67.

The company also recently announced an annual dividend, which was paid on Thursday, May 5th. Stockholders of record on Thursday, May 5th were given a $0.131 dividend. This represents a dividend yield of 1.57%. The ex-dividend date was Wednesday, May 4th.

Several institutional investors have recently bought and sold shares of EBR. Fieldpoint Private Securities LLC boosted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 520.6% in the fourth quarter. Fieldpoint Private Securities LLC now owns 4,065 shares of the utilities provider’s stock valued at $25,000 after buying an additional 3,410 shares during the period. Advisor Group Holdings Inc. boosted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 49.0% in the first quarter. Advisor Group Holdings Inc. now owns 4,898 shares of the utilities provider’s stock valued at $39,000 after buying an additional 1,611 shares during the period. Panagora Asset Management Inc. bought a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the first quarter valued at approximately $84,000. Retirement Planning Co of New England Inc. bought a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter valued at approximately $67,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 13.9% in the first quarter. Envestnet Asset Management Inc. now owns 13,966 shares of the utilities provider’s stock valued at $110,000 after buying an additional 1,699 shares during the period. 1.47% of the stock is currently owned by institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile (NYSE:EBR)

Centrais Elétricas Brasileiras SA – Eletrobras, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind, and solar plants. As of December 31, 2021, it owned and operated 32 hydroelectric plants with a total installed capacity of 46,295.75 megawatts; nine thermal plants, including coal, and oil and gas power generation units with a total installed capacity of 1,505 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts.

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