Kapitalo Investimentos Ltda Increases Stock Holdings in Centrais El�tricas Brasileiras SA (NYSE:EBR)

Key Points

• Kapitalo Investimentos Ltda significantly increased its stock holdings in Centrais Elétricas Brasileiras SA by 3,872.3% during the first quarter, now owning 588,811 shares valued at approximately $4.18 million.
• Other institutional investors also raised their stakes, with Point72 Asia Singapore Pte. Ltd. increasing its stake by 51.8% and GAMMA Investing LLC boosting its position by 184.3% during the recent quarter.
• Centrais Elétricas Brasileiras reported a net margin of 23.69% and a disappointing quarterly earnings result with a loss of ($0.01) per share, missing the consensus estimate by ($0.17).

Kapitalo Investimentos Ltda lifted its holdings in shares of Centrais El�tricas Brasileiras SA (NYSE:EBR - Free Report) by 3,872.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 588,811 shares of the utilities provider's stock after purchasing an additional 573,988 shares during the quarter. Centrais El�tricas Brasileiras accounts for approximately 0.8% of Kapitalo Investimentos Ltda's portfolio, making the stock its 22nd largest position. Kapitalo Investimentos Ltda's holdings in Centrais El�tricas Brasileiras were worth $4,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EBR. Point72 Asia Singapore Pte. Ltd. lifted its position in Centrais El�tricas Brasileiras by 51.8% in the fourth 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 grew its stake in shares of Centrais El�tricas Brasileiras by 184.3% in the first quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider's stock worth $33,000 after acquiring an additional 2,979 shares during the last quarter. Wealthquest Corp purchased a new stake in shares of Centrais El�tricas Brasileiras in the first quarter worth $33,000. Tower Research Capital LLC TRC grew its stake in shares of Centrais El�tricas Brasileiras by 124.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider's stock worth $40,000 after acquiring an additional 3,870 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Centrais El�tricas Brasileiras by 301.9% in the fourth quarter. Barclays PLC now owns 10,047 shares of the utilities provider's stock worth $57,000 after acquiring an additional 7,547 shares during the last quarter. Hedge funds and other institutional investors own 2.64% of the company's stock.

Centrais El�tricas Brasileiras Stock Performance

Shares of NYSE EBR traded down $0.03 during trading on Wednesday, hitting $6.79. The company had a trading volume of 1,790,829 shares, compared to its average volume of 1,314,090. The stock has a 50 day simple moving average of $7.27 and a 200 day simple moving average of $6.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.27 and a current ratio of 2.29. Centrais El�tricas Brasileiras SA has a 12 month low of $5.45 and a 12 month high of $7.83. The firm has a market capitalization of $15.27 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 8.31 and a beta of 0.66.

Centrais El�tricas Brasileiras (NYSE:EBR - Get Free Report) last released its 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). Centrais El�tricas Brasileiras had a return on equity of 8.14% and a net margin of 23.69%. The business had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $10.28 billion. As a group, analysts anticipate that Centrais El�tricas Brasileiras SA will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.