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

Walleye Capital LLC purchased a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 174,618 shares of the utilities provider's stock, valued at approximately $999,000.

Several other large investors also recently added to or reduced their stakes in EBR. Mariner LLC raised its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 11.5% in the 4th quarter. Mariner LLC now owns 29,316 shares of the utilities provider's stock worth $168,000 after purchasing an additional 3,031 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 1.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 255,183 shares of the utilities provider's stock worth $1,460,000 after buying an additional 4,308 shares during the period. Barclays PLC lifted its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 301.9% during the 4th quarter. Barclays PLC now owns 10,047 shares of the utilities provider's stock worth $57,000 after acquiring an additional 7,547 shares during the last quarter. First Affirmative Financial Network lifted its stake in shares of 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 acquiring an additional 11,177 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 42.4% during the 3rd quarter. Jane Street Group LLC now owns 62,646 shares of the utilities provider's stock valued at $453,000 after acquiring an additional 18,639 shares during the period. 2.64% of the stock is owned by institutional investors.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Trading Up 1.2 %

EBR stock traded up $0.09 during midday trading on Wednesday, reaching $7.48. The company's stock had a trading volume of 1,523,223 shares, compared to its average volume of 1,174,494. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 1 year low of $5.45 and a 1 year high of $7.93. The firm has a market capitalization of $16.80 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 4.35 and a beta of 0.65. The stock has a fifty day simple moving average of $6.94 and a two-hundred day simple moving average of $6.42. 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 issued its earnings results on Friday, March 14th. The utilities provider reported $0.03 earnings per share 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 firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $10.17 billion. On average, equities research analysts predict 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 announced 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 is an increase 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 dividend payout ratio 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.