ELET3.SA - Centrais Eletricas Brasileiras S.A. - Eletrobras

Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
35.17
-0.23 (-0.65%)
At close: 6:34PM BRST
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Previous Close35.40
Open35.45
Bid35.13 x 0
Ask35.15 x 0
Day's Range35.02 - 35.65
52 Week Range13.84 - 40.84
Volume2,092,400
Avg. Volume3,127,403
Market Cap47.829B
Beta (3Y Monthly)0.69
PE Ratio (TTM)3.33
EPS (TTM)10.55
Earnings DateNov 13, 2019
Forward Dividend & Yield0.83 (2.37%)
Ex-Dividend Date2019-04-30
1y Target Est26.97
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  • Reuters

    EMERGING MARKETS-Chile peso, stocks slide on unrest; big interest rate cut forecast

    * Chile's peso, stocks slide as unrest continues * Chile central bank expected to slash rates -poll * Trump speech feeds worries about global trade * Eletrobras dips after announcing job cuts By Sagarika Jaisinghani Nov 13 (Reuters) - Chile's peso slid for the fifth straight session on Wednesday and the country's stocks tumbled more than 2%, as anti-government unrest showed no signs of letting up and as traders predicted that the central bank would slash interest rates. Most other Latin American currencies eased as a speech by U.S. President Donald Trump had investors fretting anew about Washington's trade war with Beijing.

  • Reuters

    EMERGING MARKETS-Latam FX slides but Brazil's real bolstered by fiscal reform bill

    Chile's embattled President Sebastian Pinera rejected the notion of resigning and believes he will reach the end of his term in just over two years despite intense anti-government protests that are roiling the country, according to a BBC interview. Latin American stocks fell 0.4% with Brazil's Bovespa coming off record highs.

  • Reuters

    UPDATE 1-Eletrobras shares rise as Bolsonaro poised to privatize

    Shares in Brazilian power company Eletrobras SA jumped more than 4% on Tuesday on expectations that President Jair Bolsonaro will sign off on a plan to end state control of the company, one of his biggest privatizations yet. In a late Monday filing, the company said Bolsonaro would sign off on the plan on Tuesday, adding there would be several legislative hurdles before the proposed privatization of Centrais Eletricas Brasileiras SA, as it is formally known. Brazil's Mines and Energy Minister Bento Albuquerque told reporters on Tuedsay that Eletrobras would likely be privatized in the second half of 2020.

  • Reuters

    Eletrobras privatization bill to be set in motion by early November -minister

    A privatization bill for state-controlled Brazilian power company Eletrobras SA will be sent to Congress by early November, the country's mines and energy minister said on Friday, sending the company's shares up almost 3%. "I plan to deliver this project to Congress in person," minister Bento Albuquerque told reporters on the sidelines of a power auction.

  • Reuters

    Brazil's Eletrobras says share offer could raise $1.2 billion

    Brazilian state-run power firm Centrais Eletricas Brasileiras SA estimated that it could raise up to 5.1 billion reais ($1.23 billion) via the potential issue of 9.99 billion reais worth of shares, according to a company presentation released Wednesday night. If the company, commonly known as Eletrobras, raises the full 9.99 billion reais, it estimates a minimum of 4.05 billion reais of the new shares would be associated with the so-called APACs programme. If 60% of minority shareholders participate, according to the presentation, the company would raise 1.9 billion reais.

  • Reuters

    Brazilian power firm Eletrobras eyes $2.4 bln share offer

    The board of Brazilian state-run power firm Eletrobras has approved an extraordinary shareholders meeting to decide upon a capital increase of 9.99 billion reais ($2.42 billion) via a follow-on share offering, the firm said on Monday. In a securities filing, Centrais Eletricas Brasileiras SA , as the firm is formally known, said new preferential shares would be issued at 35.70 reais and new ordinary shares would be issued at 35.72 reais.

  • Hedge Funds Are Dumping Centrais Eletricas Brasileiras S.A. – Eletrobras  (EBR)
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    Hedge Funds Are Dumping Centrais Eletricas Brasileiras S.A. – Eletrobras (EBR)

    We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]

  • Reuters

    UPDATE 1-Brazil's Bolsonaro wants to privatize Petrobras by end of his term -report

    The economic team of Brazilian President Jair Bolsonaro wants to privatize state-controlled oil company Petroleo Brasileiro SA before the end of his term in 2022, Brazilian newspaper Valor Economico reported on its website on Wednesday, citing anonymous sources. The report also cites a speech by Economy Minister Paulo Guedes at an event hosted by Valor. "There are big guys thinking they won't be privatized, but we will get there," Guedes is reported as saying.

  • Reuters

    CEO expects Brazil's power holding Eletrobras to be privatized next year

    The CEO of Brazil's state-controlled power holding Centrais Eletricas Brasileiras SA expects the government to privatize the company through a share offering after February next year. In conference calls with analysts and reporters, Wilson Ferreira Jr. said the decision on the privatization will be taken this year, and he does not expect the government to demand a "golden share" in the company after its privatization, since the power industry is heavily regulated in Brazil. Ferreira also said he expects to sell all the stakes in windfarms and transmission companies Eletrobras has put on the block by November.

  • Eletrobras says Brazilian president approves privatisation plan, shares surge
    Reuters

    Eletrobras says Brazilian president approves privatisation plan, shares surge

    Brazil's state-controlled Centrais Eletricas Brasileiras SA , known as Eletrobras, said in a securities filing on Thursday that President Jair Bolsonaro had authorized studies into privatising the power company via a share offering. The company, which is responsible for almost one third of the generational capacity and half of Brazil's power transmission grid, said the privatisation would need to be approved by Congress. Bolsonaro, who was elected last year on an economic platform that included aggressive pro-market reforms and privatisations, met with Eletrobras' Chief Executive Officer Wilson Ferreira Jr on Thursday, sending the company's share price to a record high on hopes it might be privatised.

  • Reuters

    UPDATE 2-Eletrobras says Brazilian president approves privatization plan, shares surge

    Brazil's state-controlled Centrais Eletricas Brasileiras SA, known as Eletrobras, said in a securities filing on Thursday that President Jair Bolsonaro had authorized studies into privatizing the power company via a share offering. The company, which is responsible for almost one third of the generational capacity and half of Brazil's power transmission grid, said the privatization would need to be approved by Congress. Bolsonaro, who was elected last year on an economic platform that included aggressive pro-market reforms and privatizations, met with Eletrobras' Chief Executive Officer Wilson Ferreira Jr on Thursday, sending the company's share price to a record high on hopes it might be privatized.

  • Reuters

    Brazil govt to raise 18 bln reais from Eletrobras capital increase -minister

    Brazil's government is expected to raise about 18 billion reais ($4.8 billion) after a capital increase in utility Eletrobras, Minister of Minas and Energy Bento Alburquerque said in an interview with GloboNews on Wednesday night. Eletrobras will issue between 30 billion reais and 36 billion in new shares, part of which will be used to pay off debt with Brazil's government. Albuquerque told GloboNews that the proposal will be presented to President Jair Bolsonaro for a final decision within two weeks.

  • Reuters

    UPDATE 4-Petrobras, Brazil government dodge bullet as Supreme Court approves asset sales

    Brazil's Supreme Court ruled on Thursday that state-run firms do not need congressional approval to sell their subsidiaries, a major victory for the government of President Jair Bolsonaro and state-run oil firm Petrobras. Also on Thursday, Supreme Court Justice Edson Fachin, who ruled in May to suspend the $8.6 billion sale of Petrobras' TAG pipeline unit to France's Engie SA, reversed his decision in light of the full court's ruling, allowing Petroleo Brasileiro SA, as the firm is formally known, to go ahead with the divestment. The decisions will allow Petrobras to proceed with its plan to divest $27 billion of non-core assets by 2023, which it has repeatedly said is key to reducing its bloated debt load.

  • Moody's

    Transmissora Alianca de Energia Eletrica -- Moody's assigns Ba1/Aaa.br ratings to Taesa's proposed BRL1.06 billion debentures

    Taesa's Ba1/Aaa.br corporate family ratings (CFR) are unaffected by this rating action. Last December, Taesa announced an agreement for the acquisition of ownership interests in four operating transmission assets from Ambar Energia totaling 1,227 kilometers for a total price of BRL942.5 million.

  • Reuters

    Brazil's Eletrobras plans sale of stakes in 45 cos in second half -CEO

    Brazil's state-controlled power holding company Centrais Eletricas Brasileiras SA plans to sell 45 stakes in companies, mostly windfarms, in the second half of the year, Chief Executive Officer Wilson ...

  • Reuters

    Brazil's state-run Eletrobras Q1 profit soars

    Brazilian state-controlled power utility Centrais Eletricas Brasileiras SA on Tuesday posted a first-quarter profit almost three times the size of its earnings a year earlier. Eletrobras, as the company ...