Stifel Financial Corp Cuts Stock Position in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Stifel Financial Corp trimmed its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 23.4% in the third quarter, according to its most recent filing 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 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EBR. Signaturefd LLC grew its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% during the 2nd quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 4,867 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 108.7% during the second quarter. Van ECK Associates Corp now owns 494,500 shares of the utilities provider’s stock worth $3,180,000 after buying an additional 257,613 shares during the period. American Century Companies Inc. raised its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 7.0% in the second quarter. American Century Companies Inc. now owns 395,550 shares of the utilities provider’s stock valued at $2,543,000 after acquiring an additional 26,010 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the second quarter worth approximately $386,000. Finally, Beck Bode LLC lifted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1,444.6% during the 2nd quarter. Beck Bode LLC now owns 1,766,440 shares of the utilities provider’s stock worth $11,358,000 after buying an additional 1,652,075 shares during the last quarter. 2.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EBR has been the topic of several recent analyst reports. 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. Hsbc Global Res upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research note on Tuesday, October 15th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Down 0.7 %

NYSE:EBR opened at $5.73 on Monday. The company has a market capitalization of $13.19 billion, a PE ratio of 8.19, a P/E/G ratio of 1.90 and a beta of 1.07. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 52-week low of $5.46 and a 52-week high of $9.11. The stock’s 50 day moving average price is $6.15 and its 200 day moving average price is $6.74. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Monday, December 30th will be given 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 payout ratio is currently 28.57%.

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.