82,973 Shares in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 82,973 shares of the utilities provider’s stock, valued at approximately $517,000.

Several other large investors have also recently modified their holdings of EBR. Quantinno Capital Management LP increased its position in 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. Metis Global Partners LLC increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% during 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 in the last quarter. First Affirmative Financial Network increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 39.7% during the 4th quarter. First Affirmative Financial Network now owns 39,299 shares of the utilities provider’s stock valued at $225,000 after buying an additional 11,177 shares in the last quarter. Natixis Advisors LLC increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% during the 3rd quarter. Natixis Advisors LLC now owns 50,727 shares of the utilities provider’s stock valued at $367,000 after buying an additional 5,552 shares in the last quarter. Finally, Creative Planning increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 93.2% during the 3rd quarter. Creative Planning now owns 55,849 shares of the utilities provider’s stock valued at $404,000 after purchasing an additional 26,938 shares in the last quarter. Institutional investors own 2.64% of the company’s stock.

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

Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás stock opened at $6.52 on Friday. The firm’s 50 day simple moving average is $6.05 and its two-hundred day simple moving average is $6.52. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $14.63 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 4.35 and a beta of 1.05. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12-month low of $5.45 and a 12-month high of $8.94.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th were issued a $0.1414 dividend. This represents a dividend yield of 1%. The ex-dividend date was Monday, December 30th. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio is presently 19.59%.

Analyst Ratings Changes

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