Hsbc Holdings PLC Trims Holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Hsbc Holdings PLC trimmed its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBRFree Report) by 35.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,361,470 shares of the utilities provider’s stock after selling 752,885 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of Centrais Elétricas Brasileiras S.A. – Eletrobrás worth $11,738,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 81.4% in the third quarter. Citigroup Inc. now owns 13,672 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 6,135 shares during the last quarter. First Affirmative Financial Network increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 17.0% in the fourth quarter. First Affirmative Financial Network now owns 13,642 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 1,978 shares during the last quarter. Cerity Partners LLC increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 42.2% in the fourth quarter. Cerity Partners LLC now owns 15,132 shares of the utilities provider’s stock worth $130,000 after purchasing an additional 4,491 shares during the last quarter. Calton & Associates Inc. bought a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter worth $143,000. Finally, SG Americas Securities LLC purchased a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás during the fourth quarter worth $156,000. 6.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th.

Read Our Latest Stock Analysis on Centrais Elétricas Brasileiras S.A. – Eletrobrás

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

NYSE:EBR opened at $6.68 on Monday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1-year low of $6.45 and a 1-year high of $9.11. The company has a 50-day moving average of $7.58 and a 200 day moving average of $8.19. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 0.41.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Increases Dividend

The company also recently announced an annual dividend, which was paid on Thursday, May 16th. Shareholders of record on Thursday, May 9th were issued a $0.059 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This is an increase from Centrais Elétricas Brasileiras S.A. – Eletrobrás’s previous annual dividend of $0.04. This represents a yield of 0.8%.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

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