Trexquant Investment LP Purchases 51,581 Shares of Centrais El�tricas Brasileiras SA $EBR

Key Points

• Trexquant Investment LP has increased its stake in Centrais Elétricas Brasileiras SA by 23.5%, acquiring an additional 51,581 shares for a total of 270,660 shares valued at approximately $1.92 million.
• Several hedge funds have significantly raised their positions in Centrais Elétricas Brasileiras, with Millennium Management LLC boosting its holdings by 336.5%.
• Analysts have mixed views on the stock, with Scotiabank upgrading it to a "strong-buy" rating, while others have downgraded it to "hold," resulting in an overall average rating of "Strong Buy."

Trexquant Investment LP lifted its position in shares of Centrais El�tricas Brasileiras SA (NYSE:EBR - Free Report) by 23.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 270,660 shares of the utilities provider's stock after purchasing an additional 51,581 shares during the quarter. Trexquant Investment LP's holdings in Centrais El�tricas Brasileiras were worth $1,922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Compound Planning Inc. boosted its stake in Centrais El�tricas Brasileiras by 210.8% in the 1st quarter. Compound Planning Inc. now owns 52,844 shares of the utilities provider's stock valued at $375,000 after buying an additional 35,844 shares in the last quarter. American Century Companies Inc. boosted its stake in Centrais El�tricas Brasileiras by 18.6% in the 1st quarter. American Century Companies Inc. now owns 683,401 shares of the utilities provider's stock valued at $4,852,000 after buying an additional 107,297 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Centrais El�tricas Brasileiras in the 1st quarter valued at $685,000. Invesco Ltd. bought a new position in Centrais El�tricas Brasileiras in the 1st quarter valued at $179,000. Finally, Wealthquest Corp bought a new position in Centrais El�tricas Brasileiras in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 2.64% of the company's stock.

Analyst Ratings Changes

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

Centrais El�tricas Brasileiras Trading Up 0.7%

Shares of EBR stock traded up $0.06 on Wednesday, reaching $8.49. 1,886,359 shares of the stock were exchanged, compared to its average volume of 1,571,934. The stock has a market cap of $19.11 billion, a PE ratio of 16.33, a P/E/G ratio of 10.38 and a beta of 0.64. Centrais El�tricas Brasileiras SA has a one year low of $5.45 and a one year high of $8.56. 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 stock has a 50 day moving average price of $7.59 and a 200 day moving average price of $7.36.

Centrais El�tricas Brasileiras Increases Dividend

The company 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 an increase 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 is presently 125.00%.

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.