Kapitalo Investimentos Ltda Lowers Stock Holdings in Centrais El�tricas Brasileiras SA $EBR

Key Points

• Kapitalo Investimentos Ltda reduced its stake in Centrais Elétricas Brasileiras SA by 44.4% in Q2, selling 261,276 shares and leaving it with 327,535 shares, which now represent 0.5% of its portfolio.
• Centrais Elétricas Brasileiras recently saw a upgrade to "strong-buy" by Scotiabank and currently holds an average rating of "Strong Buy" from analysts.
• The company disclosed a new dividend of $0.3219 per share, a significant increase from the previous dividend of $0.16, contributing to a dividend yield of 700.0%.

Kapitalo Investimentos Ltda decreased its position in shares of Centrais El�tricas Brasileiras SA (NYSE:EBR - Free Report) by 44.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 327,535 shares of the utilities provider's stock after selling 261,276 shares during the quarter. Centrais El�tricas Brasileiras accounts for approximately 0.5% of Kapitalo Investimentos Ltda's portfolio, making the stock its 27th largest holding. Kapitalo Investimentos Ltda's holdings in Centrais El�tricas Brasileiras were worth $2,434,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position 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 worth $33,000 after purchasing an additional 2,979 shares during the last quarter. Wealthquest Corp purchased a new position in shares of Centrais El�tricas Brasileiras during the 1st quarter worth about $33,000. Two Sigma Advisers LP acquired a new position in shares of Centrais El�tricas Brasileiras during the 4th quarter valued at $62,000. Cerity Partners LLC acquired a new stake in Centrais El�tricas Brasileiras during the 1st quarter valued at approximately $135,000. Finally, Invesco Ltd. acquired a new position in shares of Centrais El�tricas Brasileiras in the 1st quarter valued at about $179,000. 2.64% of the stock is currently owned by hedge funds and other institutional investors.

Centrais El�tricas Brasileiras Stock Performance

EBR stock traded down $0.20 during mid-day trading on Monday, hitting $9.35. 2,207,218 shares of the company were exchanged, compared to its average volume of 1,910,417. 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 $9.55. The stock has a market capitalization of $21.04 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 10.45 and a beta of 0.63. The business has a 50 day simple moving average of $7.87 and a 200-day simple moving average of $7.51.

Centrais El�tricas Brasileiras Increases Dividend

The firm also recently disclosed a -- dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were issued a dividend of $0.3219 per share. This represents a yield of 700.0%. This is a boost from Centrais El�tricas Brasileiras's previous -- dividend of $0.16. The ex-dividend date of this dividend was Monday, August 18th. Centrais El�tricas Brasileiras's payout ratio is currently 125.00%.

Wall Street Analyst Weigh In

Separately, Scotiabank raised Centrais El�tricas Brasileiras to a "strong-buy" rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".

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.