Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)’s share price was up 11.2% during mid-day trading on Tuesday . The company traded as high as $6.05 and last traded at $5.84. Approximately 6,224,807 shares changed hands during mid-day trading, an increase of 244% from the average daily volume of 1,811,249 shares. The stock had previously closed at $5.25.

Separately, Zacks Investment Research downgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “hold” rating in a research note on Friday, January 8th.

The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 5.21 and a beta of 0.80. The stock has a 50 day moving average of $5.85 and a 200 day moving average of $6.20. The company has a quick ratio of 1.85, a current ratio of 1.88 and a debt-to-equity ratio of 0.56.

The business also recently declared a — dividend, which was paid on Thursday, February 11th. Investors of record on Friday, January 1st were paid a $0.2429 dividend. The ex-dividend date was Thursday, February 11th. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio (DPR) is presently 47.32%.

A number of hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 13.1% in the third quarter. AQR Capital Management LLC now owns 95,954 shares of the utilities provider’s stock valued at $530,000 after purchasing an additional 11,135 shares in the last quarter. Scotia Capital Inc. acquired a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás during the third quarter worth about $83,000. State Street Corp raised its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 38.1% during the third quarter. State Street Corp now owns 608,881 shares of the utilities provider’s stock worth $3,361,000 after acquiring an additional 167,910 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás during the third quarter worth about $138,000. Finally, BlackRock Inc. raised its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 316.1% during the third quarter. BlackRock Inc. now owns 905,648 shares of the utilities provider’s stock worth $5,000,000 after acquiring an additional 688,000 shares in the last quarter.

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

Centrais El̩tricas Brasileiras SA РEletrobras, 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, 2019, it owned and operated 35 hydroelectric plants with a total installed capacity of 46,258.65 megawatts; seven thermal plants, including coal, and oil and gas power generation units with a total installed capacity of 1,770 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II an installed capacity of 1,350 megawatts.

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