Walleye Capital LLC Buys Shares of 174,618 Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Walleye Capital LLC acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 174,618 shares of the utilities provider's stock, valued at approximately $999,000.

Several other large investors have also made changes to their positions in EBR. Barclays PLC raised its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 301.9% in 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. Mariner LLC raised its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 11.5% in the fourth quarter. Mariner LLC now owns 29,316 shares of the utilities provider's stock valued at $168,000 after buying an additional 3,031 shares during the last quarter. First Affirmative Financial Network lifted its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 39.7% during the 4th quarter. First Affirmative Financial Network now owns 39,299 shares of the utilities provider's stock worth $225,000 after buying an additional 11,177 shares in the last quarter. Vinland Capital Management Gestora de Recursos LTDA. acquired a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 4th quarter worth about $320,000. Finally, EntryPoint Capital LLC grew its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 108.7% during the 4th quarter. EntryPoint Capital LLC now owns 62,092 shares of the utilities provider's stock worth $355,000 after acquiring an additional 32,342 shares during the last quarter. Institutional investors own 2.64% of the company's stock.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance

Shares of NYSE EBR traded down $0.04 during trading on Friday, reaching $7.67. The company had a trading volume of 516,061 shares, compared to its average volume of 1,175,519. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 52 week low of $5.45 and a 52 week high of $7.98. The business's 50 day moving average price is $6.98 and its 200-day moving average price is $6.43. The stock has a market cap of $17.24 billion, a PE ratio of 9.35, a PEG ratio of 4.35 and a beta of 0.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last posted its quarterly earnings data on Friday, March 14th. The utilities provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $10.17 billion. Centrais Elétricas Brasileiras S.A. - Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. Analysts expect that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 earnings per share for the current year.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Increases Dividend

The company also recently declared a -- dividend, which will be paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th will be issued a $0.1575 dividend. This is a boost from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous -- dividend of $0.14. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 4%. Centrais Elétricas Brasileiras S.A. - Eletrobrás's dividend payout ratio (DPR) is currently 40.24%.

Centrais Elétricas Brasileiras S.A. - Eletrobrás 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.