XTX Topco Ltd Raises Position in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

XTX Topco Ltd lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) by 177.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,590 shares of the utilities provider's stock after acquiring an additional 52,212 shares during the period. XTX Topco Ltd's holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás were worth $467,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EBR. American Century Companies Inc. raised its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 21.6% in the fourth 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 during the last quarter. Van ECK Associates Corp raised its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 4.1% in the 4th quarter. Van ECK Associates Corp now owns 524,314 shares of the utilities provider's stock valued at $2,999,000 after buying an additional 20,839 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 1.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 255,183 shares of the utilities provider's stock valued at $1,460,000 after acquiring an additional 4,308 shares in the last quarter. Trexquant Investment LP boosted its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 173.4% during the 4th quarter. Trexquant Investment LP now owns 219,079 shares of the utilities provider's stock worth $1,253,000 after acquiring an additional 138,951 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 285.3% in the 4th quarter. Quantbot Technologies LP now owns 123,766 shares of the utilities provider's stock worth $708,000 after acquiring an additional 91,643 shares in the last quarter. Institutional investors own 2.64% of the company's stock.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Up 3.6 %

Shares of EBR traded up $0.27 during trading hours on Thursday, reaching $7.73. 1,631,040 shares of the stock traded hands, compared to its average volume of 1,177,617. 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 current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $6.95 and a 200 day simple moving average of $6.43. The company has a market cap of $17.36 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 4.35 and a beta of 0.65.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last released 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 business 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 net margin of 26.50% and a return on equity of 9.00%. On average, equities analysts forecast 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 company also recently disclosed a -- dividend, which will be paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 4%. This is a positive change from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous -- dividend of $0.14. Centrais Elétricas Brasileiras S.A. - Eletrobrás's dividend payout ratio (DPR) 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.