Frank Rimerman Advisors LLC Buys New Shares in Centrais El�tricas Brasileiras SA $EBR

Frank Rimerman Advisors LLC purchased a new position in Centrais El�tricas Brasileiras SA (NYSE:EBR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 24,199 shares of the utilities provider’s stock, valued at approximately $180,000.

Several other institutional investors also recently modified their holdings of EBR. Wealthquest Corp bought a new stake in shares of Centrais El�tricas Brasileiras during the 1st quarter worth $33,000. GAMMA Investing LLC lifted its holdings in shares of Centrais El�tricas Brasileiras by 59.3% during the second quarter. GAMMA Investing LLC now owns 7,318 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 2,723 shares during the last quarter. Vise Technologies Inc. acquired a new position in shares of Centrais El�tricas Brasileiras in the 2nd quarter valued at $74,000. Drive Wealth Management LLC acquired a new position in shares of Centrais El�tricas Brasileiras in the 2nd quarter valued at $75,000. Finally, Hantz Financial Services Inc. increased its stake in Centrais El�tricas Brasileiras by 957.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 12,198 shares of the utilities provider’s stock worth $91,000 after purchasing an additional 11,045 shares in the last quarter. Institutional investors own 2.64% of the company’s stock.

Centrais El�tricas Brasileiras Stock Performance

Shares of EBR opened at $11.10 on Friday. The company’s 50 day moving average price is $10.12 and its 200 day moving average price is $8.43. Centrais El�tricas Brasileiras SA has a 52 week low of $5.45 and a 52 week high of $11.27. The company has a market capitalization of $24.97 billion, a PE ratio of 21.34 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.86.

Centrais El�tricas Brasileiras Dividend Announcement

The business also recently announced a special dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.3525 per share. The ex-dividend date of this dividend is Monday, November 17th. Centrais El�tricas Brasileiras’s dividend payout ratio (DPR) is 123.08%.

Analysts Set New Price Targets

A number of analysts have commented on EBR shares. Wall Street Zen raised shares of Centrais El�tricas Brasileiras from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Scotiabank upgraded shares of Centrais El�tricas Brasileiras to a “strong-buy” rating in a report on Thursday, July 31st. Finally, Weiss Ratings lowered shares of Centrais El�tricas Brasileiras from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Centrais El�tricas Brasileiras presently has a consensus rating of “Moderate Buy”.

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.