Centrais El�tricas Brasileiras SA (NYSE:EBR) Stake Boosted by Deltec Asset Management LLC

Deltec Asset Management LLC increased its stake in Centrais El�tricas Brasileiras SA (NYSE:EBR) by 20.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,500 shares of the utilities provider’s stock after purchasing an additional 25,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Centrais El�tricas Brasileiras were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EBR. Point72 Asia Singapore Pte. Ltd. boosted its position in Centrais El�tricas Brasileiras by 51.8% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 1,528 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Centrais El�tricas Brasileiras by 184.3% during the first quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 2,979 shares during the period. Mariner LLC boosted its holdings in shares of Centrais El�tricas Brasileiras by 11.5% during the fourth quarter. Mariner LLC now owns 29,316 shares of the utilities provider’s stock worth $168,000 after purchasing an additional 3,031 shares during the period. Stifel Financial Corp boosted its holdings in shares of Centrais El�tricas Brasileiras by 10.1% during the fourth quarter. Stifel Financial Corp now owns 37,941 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 3,480 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Centrais El�tricas Brasileiras by 124.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 3,870 shares during the period. Hedge funds and other institutional investors own 2.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Centrais El�tricas Brasileiras from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd.

Centrais El�tricas Brasileiras Stock Performance

EBR stock opened at $7.22 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.27 and a current ratio of 2.29. The stock has a market cap of $16.22 billion, a P/E ratio of 9.50, a P/E/G ratio of 9.11 and a beta of 0.67. The firm has a 50 day simple moving average of $7.45 and a 200 day simple moving average of $6.73. Centrais El�tricas Brasileiras SA has a 52 week low of $5.45 and a 52 week high of $7.83.

Centrais El�tricas Brasileiras (NYSE:EBR) last announced its quarterly earnings results on Thursday, May 15th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.17). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $10.28 billion. Centrais El�tricas Brasileiras had a net margin of 23.69% and a return on equity of 8.14%. Research analysts anticipate that Centrais El�tricas Brasileiras SA will post 0.32 earnings per share for the current fiscal year.

Centrais El�tricas Brasileiras Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th were given a dividend of $0.1575 per share. This represents a yield of 4%. The ex-dividend date of this dividend was Wednesday, April 30th. This is a positive change from Centrais El�tricas Brasileiras’s previous — dividend of $0.14. Centrais El�tricas Brasileiras’s dividend payout ratio (DPR) is presently 36.84%.

Centrais El�tricas Brasileiras 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.