Global Retirement Partners LLC Increases Stock Holdings in Centrais El�tricas Brasileiras SA $EBR

Global Retirement Partners LLC increased its holdings in shares of Centrais El�tricas Brasileiras SA (NYSE:EBR) by 2,287.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,117 shares of the utilities provider’s stock after buying an additional 86,343 shares during the quarter. Global Retirement Partners LLC’s holdings in Centrais El�tricas Brasileiras were worth $894,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Centrais El�tricas Brasileiras by 3,719.8% during the 1st quarter. Royal Bank of Canada now owns 30,711 shares of the utilities provider’s stock valued at $219,000 after acquiring an additional 29,907 shares during the last quarter. Amundi grew its holdings in Centrais El�tricas Brasileiras by 178.6% in the first quarter. Amundi now owns 384,858 shares of the utilities provider’s stock valued at $2,821,000 after purchasing an additional 246,722 shares during the period. AQR Capital Management LLC increased its position in Centrais El�tricas Brasileiras by 15.2% during the first quarter. AQR Capital Management LLC now owns 89,149 shares of the utilities provider’s stock worth $633,000 after purchasing an additional 11,776 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Centrais El�tricas Brasileiras by 92.0% during the first quarter. Goldman Sachs Group Inc. now owns 658,681 shares of the utilities provider’s stock worth $4,677,000 after purchasing an additional 315,607 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Centrais El�tricas Brasileiras by 205.7% in the 1st quarter. Jane Street Group LLC now owns 50,370 shares of the utilities provider’s stock valued at $358,000 after purchasing an additional 33,891 shares during the last quarter. 2.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EBR. Weiss Ratings lowered Centrais El�tricas Brasileiras from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Wall Street Zen raised Centrais El�tricas Brasileiras from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Centrais El�tricas Brasileiras Trading Up 1.6%

Shares of EBR opened at $11.10 on Thursday. Centrais El�tricas Brasileiras SA has a 12 month low of $5.45 and a 12 month high of $11.27. The stock’s 50-day moving average is $11.03 and its two-hundred day moving average is $9.28. 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 market cap of $24.97 billion, a PE ratio of 21.34 and a beta of 0.62.

Centrais El�tricas Brasileiras Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, November 17th were given a $0.3525 dividend. The ex-dividend date of this dividend was Monday, November 17th. Centrais El�tricas Brasileiras’s dividend payout ratio (DPR) is 123.08%.

About Centrais El�tricas Brasileiras

Centrais Elétricas Brasileiras SA, commonly known as Eletrobras and listed on the New York Stock Exchange under the ticker EBR, is a leading electric utilities company in Brazil. The company’s core activities encompass the generation and transmission of electric power, along with energy commercialization and related operational services. It serves a wide range of customers including utilities, industrial users and wholesale market participants through its portfolio of assets and commercial operations.

Eletrobras owns and operates a diverse mix of generation assets, with a significant presence in large-scale hydroelectric facilities as well as thermal and renewable projects.