Cetera Investment Advisers Buys New Shares in Centrais El�tricas Brasileiras SA $EBR

Cetera Investment Advisers bought a new stake in shares of Centrais El�tricas Brasileiras SA (NYSE:EBR) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,000 shares of the utilities provider’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. lifted its stake in Centrais El�tricas Brasileiras by 51.8% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 1,528 shares during the last quarter. Wealthquest Corp acquired a new stake in shares of Centrais El�tricas Brasileiras during the first quarter valued at approximately $33,000. GAMMA Investing LLC raised its holdings in shares of Centrais El�tricas Brasileiras by 184.3% during the first quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 2,979 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Centrais El�tricas Brasileiras by 124.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 3,870 shares during the period. Finally, Barclays PLC raised its holdings in shares of Centrais El�tricas Brasileiras by 301.9% during the fourth quarter. Barclays PLC now owns 10,047 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 7,547 shares during the period. 2.64% of the stock is owned by institutional investors and hedge funds.

Centrais El�tricas Brasileiras Stock Performance

Shares of EBR opened at $7.7450 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.86. The company has a market capitalization of $17.43 billion, a PE ratio of 14.89, a PEG ratio of 9.43 and a beta of 0.56. The company’s 50 day moving average price is $7.35 and its 200 day moving average price is $7.18. Centrais El�tricas Brasileiras SA has a 52 week low of $5.45 and a 52 week high of $8.48.

Centrais El�tricas Brasileiras Increases Dividend

The firm also recently announced a — dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be paid a $0.3219 dividend. This represents a yield of 700.0%. This is a boost from Centrais El�tricas Brasileiras’s previous — dividend of $0.16. The ex-dividend date is Monday, August 18th. Centrais El�tricas Brasileiras’s dividend payout ratio is presently 115.38%.

Analyst Ratings Changes

EBR has been the topic of a number of recent analyst reports. Scotiabank upgraded shares of Centrais El�tricas Brasileiras to a “strong-buy” rating in a report on Thursday, July 31st. Wall Street Zen lowered shares of Centrais El�tricas Brasileiras from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has an average rating of “Strong Buy”.

About Centrais El�tricas Brasileiras

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.