Amundi Has $2.82 Million Position in Centrais El�tricas Brasileiras SA $EBR

Key Points

• Amundi increased its position in Centrais Elétricas Brasileiras (NYSE: EBR) by 178.6% during the first quarter, owning 384,858 shares valued at $2.82 million as of the latest reporting period.
• A number of institutional investors, including Barclays PLC and Point72 Asia, also boosted their holdings significantly in Centrais Elétricas Brasileiras, reflecting increasing institutional interest.
• Wall Street analysts have given the stock a consensus rating of "Strong Buy", with Scotiabank upgrading it recently, indicating positive sentiment towards the company's future performance.

Amundi increased its holdings in shares of Centrais El�tricas Brasileiras SA (NYSE:EBR - Free Report) by 178.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 384,858 shares of the utilities provider's stock after acquiring an additional 246,722 shares during the period. Amundi's holdings in Centrais El�tricas Brasileiras were worth $2,821,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Centrais El�tricas Brasileiras by 51.8% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 1,528 shares during the last quarter. GAMMA Investing LLC boosted its position in Centrais El�tricas Brasileiras by 184.3% in the first quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider's stock valued at $33,000 after buying an additional 2,979 shares in the last quarter. Wealthquest Corp acquired a new position in Centrais El�tricas Brasileiras in the first quarter valued at about $33,000. Barclays PLC boosted its position in Centrais El�tricas Brasileiras by 301.9% in the fourth quarter. Barclays PLC now owns 10,047 shares of the utilities provider's stock valued at $57,000 after buying an additional 7,547 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in Centrais El�tricas Brasileiras in the fourth quarter valued at about $62,000. 2.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EBR shares. Scotiabank upgraded shares of Centrais El�tricas Brasileiras to a "strong-buy" rating in a research report on Thursday, July 31st. Wall Street Zen lowered shares of Centrais El�tricas Brasileiras from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".

Centrais El�tricas Brasileiras Price Performance

Shares of EBR stock opened at $8.61 on Friday. Centrais El�tricas Brasileiras SA has a 1 year low of $5.45 and a 1 year high of $8.68. The firm's 50 day moving average is $7.61 and its 200-day moving average is $7.37. The firm has a market capitalization of $19.37 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 10.46 and a beta of 0.64. The company has a current ratio of 1.86, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50.

Centrais El�tricas Brasileiras Increases Dividend

The business also recently announced a -- dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were given a dividend of $0.3219 per share. The ex-dividend date was Monday, August 18th. This is a positive change from Centrais El�tricas Brasileiras's previous -- dividend of $0.16. This represents a dividend yield of 700.0%. Centrais El�tricas Brasileiras's dividend payout ratio (DPR) is currently 123.08%.

Centrais El�tricas Brasileiras 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.

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