Trexquant Investment LP Raises Position in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Trexquant Investment LP grew its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) by 173.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,079 shares of the utilities provider's stock after buying an additional 138,951 shares during the quarter. Trexquant Investment LP's holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás were worth $1,253,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. boosted its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 21.6% during the 4th quarter. American Century Companies Inc. now owns 576,104 shares of the utilities provider's stock worth $3,295,000 after purchasing an additional 102,457 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 285.3% during the fourth quarter. Quantbot Technologies LP now owns 123,766 shares of the utilities provider's stock worth $708,000 after buying an additional 91,643 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás during the fourth quarter worth about $517,000. Public Employees Retirement System of Ohio purchased a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás in the third quarter valued at about $433,000. Finally, Vinland Capital Management Gestora de Recursos LTDA. acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 4th quarter valued at approximately $320,000. 2.64% of the stock is currently owned by hedge funds and other institutional investors.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance

NYSE EBR traded down $0.07 during mid-day trading on Tuesday, hitting $7.14. The stock had a trading volume of 289,131 shares, compared to its average volume of 1,182,184. The company has a 50 day simple moving average of $6.82 and a 200 day simple moving average of $6.41. The company has a market cap of $16.03 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 4.35 and a beta of 0.65. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 52-week low of $5.45 and a 52-week high of $7.93. 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 (NYSE:EBR - Get Free Report) last released its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $10.17 billion. Centrais Elétricas Brasileiras S.A. - Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%. Equities analysts forecast that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 EPS for the current fiscal year.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Increases Dividend

The company also recently announced a -- dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Wednesday, April 30th will be issued a $0.1575 dividend. This represents a 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 is 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.