Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Share Price Crosses Below Two Hundred Day Moving Average of $7.37

Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR – Get Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.37 and traded as low as $7.08. Centrais Elétricas Brasileiras S.A. – Eletrobrás shares last traded at $7.12, with a volume of 1,950,208 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

The business has a fifty day moving average price of $6.72 and a 200 day moving average price of $7.37. The company has a current ratio of 2.05, a quick ratio of 2.03 and a debt-to-equity ratio of 0.46.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The company also recently announced an annual dividend, which was paid on Friday, May 5th. Investors of record on Friday, January 1st were paid a $0.0443 dividend. The ex-dividend date was Friday, May 5th. This represents a dividend yield of 0.7%. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s payout ratio is 5.80%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Advisor Group Holdings Inc. raised 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 purchasing an additional 1,611 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 462.9% in the third quarter. Tower Research Capital LLC TRC now owns 5,764 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 4,740 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter valued at $46,000. Citigroup Inc. raised its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 33.0% in the first quarter. Citigroup Inc. now owns 7,961 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,976 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the first quarter valued at $84,000. 2.37% of the stock is currently owned by institutional investors and hedge funds.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

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Centrais Elétricas Brasileiras SA engages in the production and dissemination of electricity. It operates through the Generation and Transmission segments. The Generation segment refers to the electric power generation including hydroelectric, thermal, and nuclear power plants. The Transmission segment focuses on the transmission of electric power in Brazil.