American Century Companies Inc. Acquires 102,457 Shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

American Century Companies Inc. boosted its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) by 21.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 576,104 shares of the utilities provider's stock after purchasing an additional 102,457 shares during the quarter. American Century Companies Inc.'s holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás were worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Quantinno Capital Management LP increased its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 55.6% in the 3rd quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider's stock worth $159,000 after acquiring an additional 7,843 shares during the last quarter. First Affirmative Financial Network grew its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 39.7% during the fourth quarter. First Affirmative Financial Network now owns 39,299 shares of the utilities provider's stock worth $225,000 after purchasing an additional 11,177 shares in the last quarter. Vinland Capital Management Gestora de Recursos LTDA. bought a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás in the fourth quarter worth approximately $320,000. Public Employees Retirement System of Ohio purchased a new stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás in the third quarter valued at approximately $433,000. Finally, Jane Street Group LLC lifted its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 42.4% during the third quarter. Jane Street Group LLC now owns 62,646 shares of the utilities provider's stock valued at $453,000 after purchasing an additional 18,639 shares during the last quarter. 2.64% of the stock is owned by institutional investors.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance

EBR stock traded up $0.05 during midday trading on Friday, reaching $7.08. The company had a trading volume of 1,592,307 shares, compared to its average volume of 1,185,685. The firm has a 50-day moving average price of $6.80 and a 200-day moving average price of $6.42. The company has a market capitalization of $15.89 billion, a P/E ratio of 8.63, a P/E/G ratio of 4.35 and a beta of 0.65. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 1 year low of $5.45 and a 1 year high of $7.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last announced its earnings results on Friday, March 14th. The utilities provider reported $0.03 earnings per share (EPS) 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 analysts' expectations 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%. On average, research analysts anticipate that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 earnings per share for the current fiscal year.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Increases Dividend

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

About Centrais Elétricas Brasileiras S.A. - Eletrobrás

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.