Quantbot Technologies LP Reduces Holdings in Centrais El�tricas Brasileiras SA $EBR

Key Points

• Quantbot Technologies LP significantly cut its holdings in Centrais Elétricas Brasileiras by 96.8%, now owning just 4,015 shares worth approximately $29,000.
• Other institutional investors, including Two Sigma Investments LP and Barclays PLC, have increased their stakes in the utility company, signifying varied investor sentiment.
• Centrais Elétricas Brasileiras announced an increase in its dividend to $0.3219, marking a substantial rise from its previous dividend and reflecting an annual yield of 700.0%.

Quantbot Technologies LP cut its holdings in Centrais El�tricas Brasileiras SA (NYSE:EBR - Free Report) by 96.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,015 shares of the utilities provider's stock after selling 119,751 shares during the quarter. Quantbot Technologies LP's holdings in Centrais El�tricas Brasileiras were worth $29,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Centrais El�tricas Brasileiras by 51.8% in the fourth 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% during the first 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 during the last quarter. Mariner LLC boosted its position in Centrais El�tricas Brasileiras by 11.5% during the fourth quarter. Mariner LLC now owns 29,316 shares of the utilities provider's stock worth $168,000 after acquiring an additional 3,031 shares during the last quarter. Stifel Financial Corp boosted its position in Centrais El�tricas Brasileiras by 10.1% during the fourth quarter. Stifel Financial Corp now owns 37,941 shares of the utilities provider's stock worth $217,000 after acquiring an additional 3,480 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Centrais El�tricas Brasileiras by 124.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider's stock worth $40,000 after acquiring an additional 3,870 shares during the last quarter. 2.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on EBR. 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. Scotiabank upgraded shares of Centrais El�tricas Brasileiras to a "strong-buy" rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Centrais El�tricas Brasileiras currently has a consensus rating of "Strong Buy".

Centrais El�tricas Brasileiras Trading Up 1.7%

Shares of EBR stock traded up $0.14 during mid-day trading on Thursday, reaching $8.31. The company's stock had a trading volume of 1,203,548 shares, compared to its average volume of 1,348,011. The company's 50 day simple moving average is $7.48 and its 200-day simple moving average is $7.30. Centrais El�tricas Brasileiras SA has a 12-month low of $5.45 and a 12-month high of $8.48. The company has a quick ratio of 1.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $18.69 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 10.15 and a beta of 0.64.

Centrais El�tricas Brasileiras Increases Dividend

The company also recently declared a -- dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be paid a dividend of $0.3219 per share. This is a positive change 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 payout ratio is presently 115.38%.

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.