Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Shares Acquired by First Affirmative Financial Network

First Affirmative Financial Network increased its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 39.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,299 shares of the utilities provider’s stock after acquiring an additional 11,177 shares during the quarter. First Affirmative Financial Network’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EBR. Signaturefd LLC grew 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 last quarter. Sivia Capital Partners LLC grew its stake in 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 worth $93,000 after buying an additional 2,642 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 30.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 21,755 shares of the utilities provider’s stock worth $157,000 after buying an additional 5,089 shares during the last quarter. Quantinno Capital Management LP increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 55.6% during the third quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider’s stock worth $159,000 after buying an additional 7,843 shares during the period. Finally, Atomi Financial Group Inc. lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 41.3% in the third quarter. Atomi Financial Group Inc. now owns 32,264 shares of the utilities provider’s stock valued at $233,000 after buying an additional 9,437 shares during the last quarter. 2.64% of the stock is owned by hedge funds and other institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Up 2.9 %

Shares of EBR stock opened at $6.24 on Friday. The stock’s 50-day moving average price is $5.85 and its 200 day moving average price is $6.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 52-week low of $5.45 and a 52-week high of $9.11.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The business also recently announced 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EBR shares. 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 raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research report on Tuesday, October 15th.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

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.