Centrais El�tricas Brasileiras SA $EBR Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Centrais Elétricas Brasileiras SA by 18.6%, now holding a total of 683,401 shares valued at approximately $4.85 million.
• Centrais Elétricas Brasileiras recently increased its dividend to $0.3219 per share, significantly up from the previous $0.16 per share, reflecting a remarkable dividend yield of 700.0%.
• Analysts have given Centrais Elétricas Brasileiras shares a Strong Buy rating, with noted upgrades and downgrades impacting its market perception.

American Century Companies Inc. grew its holdings in shares of Centrais El�tricas Brasileiras SA (NYSE:EBR - Free Report) by 18.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 683,401 shares of the utilities provider's stock after purchasing an additional 107,297 shares during the period. American Century Companies Inc.'s holdings in Centrais El�tricas Brasileiras were worth $4,852,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of 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 valued at $26,000 after purchasing an additional 1,528 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Centrais El�tricas Brasileiras by 184.3% during the 1st quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 2,979 shares during the last quarter. Wealthquest Corp purchased a new stake in shares of Centrais El�tricas Brasileiras during the 1st quarter valued at $33,000. Tower Research Capital LLC TRC lifted its holdings in shares of Centrais El�tricas Brasileiras 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 during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Centrais El�tricas Brasileiras by 301.9% during the 4th quarter. Barclays PLC now owns 10,047 shares of the utilities provider's stock valued at $57,000 after purchasing an additional 7,547 shares during the last quarter. Hedge funds and other institutional investors own 2.64% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Centrais El�tricas Brasileiras from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Scotiabank upgraded Centrais El�tricas Brasileiras to a "strong-buy" rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Centrais El�tricas Brasileiras presently has a consensus rating of "Strong Buy".

Centrais El�tricas Brasileiras Stock Performance

EBR traded up $0.03 during midday trading on Thursday, hitting $8.20. 109,218 shares of the company were exchanged, compared to its average volume of 1,343,811. The company's 50 day simple moving average is $7.48 and its 200 day simple moving average is $7.30. The firm has a market capitalization of $18.44 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 10.15 and a beta of 0.64. The company has a current ratio of 1.86, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Centrais El�tricas Brasileiras SA has a 1-year low of $5.45 and a 1-year high of $8.48.

Centrais El�tricas Brasileiras Increases Dividend

The business also recently declared a -- dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be given a dividend of $0.3219 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a yield of 700.0%. This is an increase from Centrais El�tricas Brasileiras's previous -- dividend of $0.16. Centrais El�tricas Brasileiras's payout ratio is 115.38%.

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.