Kapitalo Investimentos Ltda Sells 206,468 Shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Kapitalo Investimentos Ltda decreased its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) by 93.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,823 shares of the utilities provider's stock after selling 206,468 shares during the period. Kapitalo Investimentos Ltda's holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás were worth $85,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC purchased a new stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 4th quarter valued at approximately $681,000. Two Sigma Securities LLC purchased a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás during the fourth quarter valued at $149,000. Hsbc Holdings PLC lifted its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 6.2% in the 4th quarter. Hsbc Holdings PLC now owns 499,307 shares of the utilities provider's stock worth $2,856,000 after purchasing an additional 29,302 shares in the last quarter. Stifel Financial Corp lifted its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 10.1% in the 4th 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 in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás 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. Hedge funds and other institutional investors own 2.64% of the company's stock.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance

Shares of EBR stock traded down $0.04 during trading hours on Tuesday, hitting $7.56. The stock had a trading volume of 287,079 shares, compared to its average volume of 1,180,352. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 4.35 and a beta of 0.65. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a one year low of $5.45 and a one year high of $7.93. The stock's 50-day moving average price is $7.13 and its two-hundred day moving average price is $6.47.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last released its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.08). Centrais Elétricas Brasileiras S.A. - Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%. The business had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $10.17 billion. Equities analysts forecast that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 EPS for the current year.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th will be paid a $0.1575 dividend. This represents a dividend yield of 4%. This is a positive change from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous -- dividend of $0.14. The ex-dividend date is Wednesday, April 30th. Centrais Elétricas Brasileiras S.A. - Eletrobrás's dividend payout ratio (DPR) is presently 40.24%.

Centrais Elétricas Brasileiras S.A. - Eletrobrás 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.