Jane Street Group LLC Has $453,000 Stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Jane Street Group LLC boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 42.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,646 shares of the utilities provider’s stock after buying an additional 18,639 shares during the quarter. Jane Street Group LLC’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $453,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Signaturefd LLC increased its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.0% during the third quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 1,685 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% during the 3rd quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,642 shares during the period. Metis Global Partners LLC increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% in the 3rd quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider’s stock valued at $260,000 after buying an additional 3,934 shares during the period. Sequoia Financial Advisors LLC grew 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 valued at $157,000 after acquiring an additional 5,089 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% in the 3rd quarter. Natixis Advisors LLC now owns 50,727 shares of the utilities provider’s stock valued at $367,000 after purchasing an additional 5,552 shares in the last quarter. 2.64% of the stock is owned by institutional investors and hedge funds.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 1.8 %

Shares of NYSE:EBR opened at $5.66 on Tuesday. 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 has a 1 year low of $5.45 and a 1 year high of $9.11. The business’s 50-day moving average is $6.02 and its 200-day moving average is $6.70. The company has a market capitalization of $13.02 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 1.90 and a beta of 1.05.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EBR. StockNews.com upgraded 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. Hsbc Global Res upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research report on Tuesday, October 15th.

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.