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

First Affirmative Financial Network grew its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 39.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,299 shares of the utilities provider’s stock after purchasing an additional 11,177 shares during the period. First Affirmative Financial Network’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $225,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EBR. Signaturefd LLC boosted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.0% in the third quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider’s stock valued at $68,000 after buying an additional 1,685 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% in the third quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,642 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 30.5% in the third quarter. Sequoia Financial Advisors LLC now owns 21,755 shares of the utilities provider’s stock valued at $157,000 after acquiring an additional 5,089 shares during the period. Quantinno Capital Management LP boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 55.6% during the 3rd quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider’s stock worth $159,000 after purchasing an additional 7,843 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 41.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 32,264 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 9,437 shares in the last quarter. 2.64% of the stock is owned by hedge funds and other institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

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

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The firm also recently announced a — dividend, which was paid on Tuesday, January 21st. Shareholders of record on Monday, December 30th were given a dividend of $0.1414 per share. This represents a yield of 1%. The ex-dividend date of this dividend was Monday, December 30th.

Analysts Set New Price Targets

A number of analysts recently commented on EBR shares. Hsbc Global Res raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a report on Tuesday, October 15th. StockNews.com raised Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás 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.