Does Ally Invest offer investing in partial (fractional) shares of high price stocks such as Berkshire Hathaway or Google?

Buying Fractional Shares of Stock on Ally Invest

You cannot directly buy a fractional share of stock (such as Berkshire Hathaway or Google) on Ally Invest or any of its traditional competitors such as Etrade, Fidelity, or Schwab. However, you can invest in partial shares of stocks by using brokerage called M1 Finance.

Partial Shares on Ally Invest Through DRIP

If you own shares of any stock of Ally Invest and you have DRIP set up for this stock, then reinvested dividends will often result in fractional shares.

Renewable Energy Opportunities at Ally Invest

The Ally Invest website has s stock screener that can search for ‘Electric Utilities’ stocks. Unfortunately, the search tool cannot be more specific than that. Furthermore, the screener in its default mode cannot search by industry. To add electric utilities to your search criteria, you’ll need to click on ‘Add Additional Criteria’ at the top of the screener, choose ‘Industry’ and then select ‘Electric Utilities.’

The screener will return 368 equities. Some of these will be companies engaged in renewable energy, although Ally does provide any indication of this. One of the stocks in the list is Centrais Eletricas Brasileiras SA, Brazil’s largest power generation company. It is also the largest publicly-traded utility in Latin America. It trades in the United States as an American Depository Receipt under the ticker symbol EBR.

Ally Invest investing renewable energy

Ally Invest’s profile page for EBR shows a recent volume of 237,000 shares. The last trade price was just $5.61, which is in the middle of its 52-week range. Ally provides CFRA reports in pdf format, but one is not available for EBR.

Ally shows a P/E ratio of just 1.71 for the stock, a very low figure. The company had $17.8 billion in revenue at last count, which produced more than $2.6 billion of pre-tax income. The stock price produces a current market cap of $6 billion.

Trading EBR at Ally Invest costs $4.95 with a $1 discount for large accounts and active traders.

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