Cetera Investment Advisers Invests $248,000 in Centrais El�tricas Brasileiras SA $EBR

Key Points

• Cetera Investment Advisers has acquired a new stake in Centrais Elétricas Brasileiras SA, purchasing 35,000 shares valued at approximately $248,000 in the first quarter, indicating growing institutional interest in the company.
• The company recently announced a dividend increase, with shareholders set to receive $0.3219 per share, reflecting a substantial yield of **700%** compared to its previous **$0.16** dividend.
• Analysts have mixed ratings on the stock, with Scotiabank upgrading it to a "strong-buy," while Wall Street Zen downgraded it to a "hold," suggesting varying confidence among market experts.

Cetera Investment Advisers bought a new position in Centrais El�tricas Brasileiras SA (NYSE:EBR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 35,000 shares of the utilities provider's stock, valued at approximately $248,000.

Other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC bought a new stake in shares of Centrais El�tricas Brasileiras in the first quarter worth about $135,000. Wealthquest Corp bought a new stake in Centrais El�tricas Brasileiras in the 1st quarter worth approximately $33,000. Deltec Asset Management LLC raised its holdings in shares of Centrais El�tricas Brasileiras by 20.7% during the 1st quarter. Deltec Asset Management LLC now owns 145,500 shares of the utilities provider's stock worth $1,033,000 after acquiring an additional 25,000 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Centrais El�tricas Brasileiras by 184.3% during the 1st quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider's stock worth $33,000 after acquiring an additional 2,979 shares in the last quarter. Finally, First Affirmative Financial Network boosted its position in shares of Centrais El�tricas Brasileiras by 16.3% during the 1st quarter. First Affirmative Financial Network now owns 45,691 shares of the utilities provider's stock valued at $324,000 after acquiring an additional 6,392 shares during the last quarter. 2.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EBR shares. Wall Street Zen cut shares of Centrais El�tricas Brasileiras from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Scotiabank upgraded shares of Centrais El�tricas Brasileiras to a "strong-buy" rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Centrais El�tricas Brasileiras Trading Up 1.5%

EBR stock traded up $0.1150 during mid-day trading on Friday, reaching $7.8550. 1,459,702 shares of the stock traded hands, compared to its average volume of 1,442,229. Centrais El�tricas Brasileiras SA has a one year low of $5.45 and a one year high of $8.48. The stock has a market capitalization of $17.68 billion, a PE ratio of 15.11, a PEG ratio of 9.67 and a beta of 0.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.86. The business has a 50-day moving average price of $7.36 and a two-hundred day moving average price of $7.20.

Centrais El�tricas Brasileiras Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be given a $0.3219 dividend. This is an increase from Centrais El�tricas Brasileiras's previous -- dividend of $0.16. The ex-dividend date of this dividend is Monday, August 18th. This represents a yield of 700.0%. Centrais El�tricas Brasileiras's dividend payout ratio is currently 115.38%.

About Centrais El�tricas Brasileiras

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.