Vise Technologies Inc. Acquires Shares of 10,017 Centrais El�tricas Brasileiras SA $EBR

Vise Technologies Inc. acquired a new position in shares of Centrais El�tricas Brasileiras SA (NYSE:EBR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,017 shares of the utilities provider’s stock, valued at approximately $74,000.

A number of other institutional investors also recently modified their holdings of EBR. GAMMA Investing LLC grew its stake in shares of Centrais El�tricas Brasileiras by 59.3% in the second quarter. GAMMA Investing LLC now owns 7,318 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 2,723 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Centrais El�tricas Brasileiras in the 1st quarter valued at about $685,000. D.A. Davidson & CO. acquired a new position in shares of Centrais El�tricas Brasileiras during the 2nd quarter worth approximately $100,000. InTrack Investment Management Inc bought a new position in shares of Centrais El�tricas Brasileiras during the second quarter worth approximately $808,000. Finally, Drive Wealth Management LLC bought a new position in shares of Centrais El�tricas Brasileiras during the second quarter worth approximately $75,000. Institutional investors own 2.64% of the company’s stock.

Centrais El�tricas Brasileiras Stock Up 1.6%

NYSE EBR opened at $11.10 on Wednesday. The business has a fifty day moving average price of $9.97 and a two-hundred day moving average price of $8.37. The stock has a market capitalization of $24.97 billion, a PE ratio of 21.34 and a beta of 0.62. Centrais El�tricas Brasileiras SA has a fifty-two week low of $5.45 and a fifty-two week high of $11.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.86 and a quick ratio of 1.85.

Centrais El�tricas Brasileiras Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, December 29th. Investors of record on Monday, November 17th will be given a dividend of $0.3525 per share. The ex-dividend date is Monday, November 17th. Centrais El�tricas Brasileiras’s dividend payout ratio is currently 123.08%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EBR shares. Wall Street Zen raised Centrais El�tricas Brasileiras from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings downgraded Centrais El�tricas Brasileiras from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Finally, Scotiabank upgraded Centrais El�tricas Brasileiras to a “strong-buy” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Centrais El�tricas Brasileiras has an average 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.