Centrais El�tricas Brasileiras SA $EBR Shares Acquired by Compound Planning Inc.

Key Points

• Compound Planning Inc. significantly increased its holdings in Centrais Elétricas Brasileiras SA by 210.8%, acquiring an additional 35,844 shares during the first quarter, bringing its total to 52,844 shares valued at $375,000.
• Several institutional investors have raised their stakes in EBR, with Barclays PLC leading with a 301.9% increase in the fourth quarter, now holding shares worth $57,000.
• The company recently announced a dividend increase to $0.3219 per share, up from $0.16, with a payout ratio of 115.38%, reflecting strong financial performance.

Compound Planning Inc. raised its position in Centrais El�tricas Brasileiras SA (NYSE:EBR - Free Report) by 210.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,844 shares of the utilities provider's stock after acquiring an additional 35,844 shares during the quarter. Compound Planning Inc.'s holdings in Centrais El�tricas Brasileiras were worth $375,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in Centrais El�tricas Brasileiras by 18.6% in the first quarter. American Century Companies Inc. now owns 683,401 shares of the utilities provider's stock worth $4,852,000 after acquiring an additional 107,297 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Centrais El�tricas Brasileiras in the first quarter worth approximately $685,000. Invesco Ltd. purchased a new position in Centrais El�tricas Brasileiras in the first quarter worth approximately $179,000. Wealthquest Corp purchased a new position in Centrais El�tricas Brasileiras in the first quarter worth approximately $33,000. Finally, XTX Topco Ltd lifted its stake in Centrais El�tricas Brasileiras by 6.1% in the first quarter. XTX Topco Ltd now owns 86,585 shares of the utilities provider's stock worth $615,000 after acquiring an additional 4,995 shares during the last quarter. Hedge funds and other institutional investors own 2.64% of the company's stock.

Wall Street Analyst Weigh In

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

Centrais El�tricas Brasileiras Stock Up 0.9%

Shares of NYSE:EBR traded up $0.08 during trading on Monday, hitting $8.26. 3,646,933 shares of the company were exchanged, compared to its average volume of 1,625,254. The stock has a market capitalization of $18.58 billion, a P/E ratio of 15.88, a PEG ratio of 10.15 and a beta of 0.63. 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 SA has a 12-month low of $5.45 and a 12-month high of $8.48. The firm's 50 day moving average price is $7.45 and its 200-day moving average price is $7.28.

Centrais El�tricas Brasileiras Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be issued a $0.3219 dividend. This represents a dividend yield of 700.0%. The ex-dividend date of this dividend is Monday, August 18th. This is a positive change from Centrais El�tricas Brasileiras's previous -- dividend of $0.16. Centrais El�tricas Brasileiras's dividend payout ratio is presently 115.38%.

Centrais El�tricas Brasileiras 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.