Stifel Financial Corp Trims Holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Stifel Financial Corp lowered its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 23.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,461 shares of the utilities provider’s stock after selling 10,500 shares during the quarter. Stifel Financial Corp’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $249,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC increased its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% in the 2nd quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 4,867 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% in the third quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,642 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 30.5% in the third quarter. Sequoia Financial Advisors LLC now owns 21,755 shares of the utilities provider’s stock valued at $157,000 after buying an additional 5,089 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 55.6% during the 3rd quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider’s stock valued at $159,000 after buying an additional 7,843 shares in the last quarter. Finally, First Affirmative Financial Network increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 41.9% in the 3rd quarter. First Affirmative Financial Network now owns 28,122 shares of the utilities provider’s stock worth $203,000 after acquiring an additional 8,307 shares in the last quarter. Hedge funds and other institutional investors own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás stock opened at $5.73 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06. The business’s 50 day moving average price is $6.15 and its 200 day moving average price is $6.74. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 1.90 and a beta of 1.07. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a one year low of $5.46 and a one year high of $9.11.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The company also recently announced a — dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Monday, December 30th will be paid a dividend of $0.1414 per share. This represents a yield of 1%. The ex-dividend date is Monday, December 30th. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EBR. Hsbc Global Res raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a report on Tuesday, October 15th. StockNews.com raised Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Profile

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.