Sanctuary Advisors LLC Invests $517,000 in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Sanctuary Advisors LLC purchased a new stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 82,973 shares of the utilities provider's stock, valued at approximately $517,000.

Other large investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP raised 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 valued at $159,000 after buying an additional 7,843 shares in the last quarter. First Affirmative Financial Network increased its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 39.7% during the fourth quarter. First Affirmative Financial Network now owns 39,299 shares of the utilities provider's stock worth $225,000 after acquiring an additional 11,177 shares during the last quarter. Metis Global Partners LLC raised its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 12.3% during the third quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider's stock valued at $260,000 after purchasing an additional 3,934 shares during the period. Vinland Capital Management Gestora de Recursos LTDA. bought a new stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás in the 4th quarter valued at approximately $320,000. Finally, Natixis Advisors LLC boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 12.3% in the 3rd quarter. Natixis Advisors LLC now owns 50,727 shares of the utilities provider's stock worth $367,000 after purchasing an additional 5,552 shares during the period. Institutional investors own 2.64% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "buy" rating to a "strong-buy" rating in a report on Friday, November 8th.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Trading Up 0.3 %

Shares of EBR stock traded up $0.02 during trading hours on Monday, reaching $6.54. 810,410 shares of the stock were exchanged, compared to its average volume of 1,321,663. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 4.35 and a beta of 1.05. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 12-month low of $5.45 and a 12-month high of $8.94. The company's 50-day moving average price is $6.06 and its 200-day moving average price is $6.51. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Cuts Dividend

The firm also recently declared a -- dividend, which was paid on Tuesday, January 21st. Investors of record on Monday, December 30th were paid a dividend of $0.1414 per share. This represents a dividend yield of 1%. The ex-dividend date was Monday, December 30th. Centrais Elétricas Brasileiras S.A. - Eletrobrás's dividend payout ratio is currently 19.59%.

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.