Kapitalo Investimentos Ltda Sells 206,468 Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Kapitalo Investimentos Ltda decreased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 93.3% during the 4th quarter, Holdings Channel reports. The firm owned 14,823 shares of the utilities provider’s stock after selling 206,468 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $85,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Schonfeld Strategic Advisors LLC bought a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás during the fourth quarter worth about $681,000. Two Sigma Securities LLC acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter worth approximately $149,000. Hsbc Holdings PLC grew its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 6.2% during the 4th quarter. Hsbc Holdings PLC now owns 499,307 shares of the utilities provider’s stock worth $2,856,000 after acquiring an additional 29,302 shares during the last quarter. Stifel Financial Corp increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 10.1% during the 4th quarter. Stifel Financial Corp now owns 37,941 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 3,480 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 124.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 3,870 shares in the last quarter. Institutional investors and hedge funds own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

Centrais Elétricas Brasileiras S.A. – Eletrobrás stock opened at $7.72 on Thursday. The business’s fifty day moving average is $7.06 and its two-hundred day moving average is $6.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06. The firm has a market cap of $17.34 billion, a P/E ratio of 9.41, a P/E/G ratio of 4.35 and a beta of 0.65. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 52 week low of $5.45 and a 52 week high of $7.93.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last issued its quarterly earnings data on Friday, March 14th. The utilities provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $10.17 billion. Equities research analysts forecast that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current fiscal year.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th will be given a $0.1575 dividend. This represents a yield of 4%. The ex-dividend date is Wednesday, April 30th. This is a boost from Centrais Elétricas Brasileiras S.A. – Eletrobrás’s previous — dividend of $0.14. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s payout ratio is 40.24%.

Centrais Elétricas Brasileiras S.A. – Eletrobrás 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.