Vinland Capital Management Gestora de Recursos LTDA. Makes New $320,000 Investment in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Vinland Capital Management Gestora de Recursos LTDA. purchased a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 55,902 shares of the utilities provider's stock, valued at approximately $320,000. Centrais Elétricas Brasileiras S.A. - Eletrobrás comprises about 0.0% of Vinland Capital Management Gestora de Recursos LTDA.'s holdings, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Signaturefd LLC increased 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 worth $68,000 after purchasing an additional 1,685 shares during the period. Sivia Capital Partners LLC increased its stake in shares of 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 worth $93,000 after purchasing an additional 2,642 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of 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 worth $157,000 after purchasing an additional 5,089 shares during the period. Quantinno Capital Management LP increased its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 55.6% in the third 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 during the period. Finally, First Affirmative Financial Network increased its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 41.9% in the third quarter. First Affirmative Financial Network now owns 28,122 shares of the utilities provider's stock worth $203,000 after purchasing an additional 8,307 shares during the period. Institutional investors and hedge funds own 2.64% of the company's stock.

Analyst Ratings Changes

EBR has been the topic of a number of recent research reports. Hsbc Global Res raised Centrais Elétricas Brasileiras S.A. - Eletrobrás to a "strong-buy" rating in a research 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 report on Friday, November 8th.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Down 0.4 %

EBR stock traded down $0.03 during trading on Thursday, reaching $6.18. 602,931 shares of the stock were exchanged, compared to its average volume of 1,537,255. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a twelve month low of $5.45 and a twelve month high of $9.11. The stock has a 50 day simple moving average of $5.86 and a 200-day simple moving average of $6.57. 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 company also recently announced a -- dividend, which was paid on Tuesday, January 21st. Investors 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 was Monday, December 30th.

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.