Shelton Capital Management Acquires 62,858 Shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Shelton Capital Management increased its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) by 260.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,958 shares of the utilities provider's stock after purchasing an additional 62,858 shares during the period. Shelton Capital Management's holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás were worth $497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EBR. Quantinno Capital Management LP boosted its holdings in shares of 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 purchasing an additional 7,843 shares in the last quarter. First Affirmative Financial Network lifted its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 39.7% in 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 during the last quarter. Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás in the fourth quarter worth approximately $320,000. Public Employees Retirement System of Ohio bought a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás during the third quarter valued at approximately $433,000. Finally, EntryPoint Capital LLC raised its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 108.7% during the fourth 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 in the last quarter. 2.64% of the stock is owned by hedge funds and other institutional investors.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Trading Down 0.4 %

Shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás stock traded down $0.03 during trading on Tuesday, reaching $7.18. The company's stock had a trading volume of 407,517 shares, compared to its average volume of 1,359,087. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 52-week low of $5.45 and a 52-week high of $7.93. The firm's 50-day moving average is $6.82 and its two-hundred day moving average is $6.41. The company has a market cap of $16.13 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 4.35 and a beta of 0.65.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.08). Centrais Elétricas Brasileiras S.A. - Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. The company had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $10.17 billion. On average, sell-side analysts anticipate 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 disclosed a -- dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Wednesday, April 30th will be given 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 dividend yield of 4%. Centrais Elétricas Brasileiras S.A. - Eletrobrás's payout ratio is presently 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.