Van ECK Associates Corp Purchases 20,839 Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Van ECK Associates Corp lifted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 524,314 shares of the utilities provider’s stock after purchasing an additional 20,839 shares during the period. Van ECK Associates Corp’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $2,999,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.0% in the third quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 1,685 shares during the period. Sequoia Financial Advisors LLC raised its position in 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 worth $157,000 after acquiring an additional 5,089 shares during the period. Quantinno Capital Management LP raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 55.6% in the third quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider’s stock worth $159,000 after acquiring an additional 7,843 shares during the period. Metis Global Partners LLC raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% in the third quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 3,934 shares during the period. Finally, First Affirmative Financial Network raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 39.7% in the fourth quarter. First Affirmative Financial Network now owns 39,299 shares of the utilities provider’s stock worth $225,000 after acquiring an additional 11,177 shares during the period. Institutional investors own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Down 0.1 %

NYSE EBR opened at $6.63 on Friday. The company’s 50 day moving average is $5.96 and its 200-day moving average is $6.54. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12-month low of $5.45 and a 12-month high of $8.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th were given a $0.1414 dividend. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Monday, December 30th.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a research 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.