GAMMA Investing LLC Purchases 2,723 Shares of Centrais El�tricas Brasileiras SA $EBR

GAMMA Investing LLC raised its stake in shares of Centrais El�tricas Brasileiras SA (NYSE:EBR) by 59.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,318 shares of the utilities provider’s stock after purchasing an additional 2,723 shares during the quarter. GAMMA Investing LLC’s holdings in Centrais El�tricas Brasileiras were worth $54,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EBR. Kapitalo Investimentos Ltda increased its position in Centrais El�tricas Brasileiras by 3,872.3% during the 1st quarter. Kapitalo Investimentos Ltda now owns 588,811 shares of the utilities provider’s stock valued at $4,181,000 after purchasing an additional 573,988 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Centrais El�tricas Brasileiras by 92.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 658,681 shares of the utilities provider’s stock worth $4,677,000 after buying an additional 315,607 shares during the period. Cubist Systematic Strategies LLC raised its holdings in Centrais El�tricas Brasileiras by 105.3% in the first quarter. Cubist Systematic Strategies LLC now owns 563,836 shares of the utilities provider’s stock worth $4,003,000 after buying an additional 289,184 shares during the last quarter. Amundi raised its holdings in Centrais El�tricas Brasileiras by 178.6% in the first quarter. Amundi now owns 384,858 shares of the utilities provider’s stock worth $2,821,000 after buying an additional 246,722 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Centrais El�tricas Brasileiras by 18.6% in the first quarter. American Century Companies Inc. now owns 683,401 shares of the utilities provider’s stock worth $4,852,000 after buying an additional 107,297 shares during the last quarter. 2.64% of the stock is owned by hedge funds and other institutional investors.

Centrais El�tricas Brasileiras Trading Down 0.1%

Centrais El�tricas Brasileiras stock opened at $9.81 on Friday. The stock has a market cap of $22.07 billion, a P/E ratio of 18.86, a PEG ratio of 10.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.86 and a quick ratio of 1.85. Centrais El�tricas Brasileiras SA has a 1 year low of $5.45 and a 1 year high of $10.02. The firm’s 50 day moving average price is $8.36 and its 200-day moving average price is $7.68.

Centrais El�tricas Brasileiras Increases Dividend

The firm also recently announced a — dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were issued a $0.3219 dividend. This represents a dividend yield of 700.0%. This is a boost from Centrais El�tricas Brasileiras’s previous — dividend of $0.16. The ex-dividend date of this dividend was Monday, August 18th. Centrais El�tricas Brasileiras’s payout ratio is 125.00%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Scotiabank raised shares of Centrais El�tricas Brasileiras to a “strong-buy” rating in a report on Thursday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Centrais El�tricas Brasileiras in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Centrais El�tricas Brasileiras Company 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.