West Family Investments Inc. Invests $99,000 in Centrais El?tricas Brasileiras SA $EBR

West Family Investments Inc. acquired a new stake in Centrais El?tricas Brasileiras SA (NYSE:EBR) in the second quarter, Holdings Channel reports. The institutional investor acquired 13,312 shares of the utilities provider’s stock, valued at approximately $99,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cetera Investment Advisers bought a new stake in Centrais El?tricas Brasileiras in the first quarter worth $248,000. XTX Topco Ltd grew its stake in shares of Centrais El?tricas Brasileiras by 6.1% during the first quarter. XTX Topco Ltd now owns 86,585 shares of the utilities provider’s stock valued at $615,000 after buying an additional 4,995 shares during the last quarter. Invesco Ltd. bought a new stake in shares of Centrais El?tricas Brasileiras in the 1st quarter valued at about $179,000. Russell Investments Group Ltd. bought a new stake in shares of Centrais El?tricas Brasileiras in the 1st quarter valued at about $685,000. Finally, American Century Companies Inc. boosted its holdings in Centrais El?tricas Brasileiras by 18.6% during the 1st quarter. American Century Companies Inc. now owns 683,401 shares of the utilities provider’s stock valued at $4,852,000 after acquiring an additional 107,297 shares during the period. Institutional investors own 2.64% of the company’s stock.

Centrais El?tricas Brasileiras Trading Up 1.6%

EBR opened at $11.10 on Tuesday. Centrais El?tricas Brasileiras SA has a one year low of $5.45 and a one year high of $11.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.86 and a quick ratio of 1.85. The business has a 50 day simple moving average of $10.35 and a two-hundred day simple moving average of $8.59. The firm has a market capitalization of $24.97 billion, a price-to-earnings ratio of 21.34 and a beta of 0.62.

Centrais El?tricas Brasileiras Announces Dividend

The firm also recently declared a special dividend, which will be paid on Monday, December 29th. Investors of record on Monday, November 17th will be paid a $0.3525 dividend. The ex-dividend date of this dividend is Monday, November 17th. Centrais El?tricas Brasileiras’s dividend payout ratio (DPR) is presently 123.08%.

Analyst Ratings Changes

A number of brokerages have commented on EBR. Wall Street Zen raised Centrais El?tricas Brasileiras from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings cut shares of Centrais El?tricas Brasileiras from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Centrais El?tricas Brasileiras presently has a consensus rating of “Moderate 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.