14,136 Shares in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Bought by First Trust Advisors LP

First Trust Advisors LP bought a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,136 shares of the utilities provider’s stock, valued at approximately $81,000.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. raised its stake 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 buying an additional 102,457 shares during the last quarter. Van ECK Associates Corp increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 4.1% during the 4th quarter. Van ECK Associates Corp now owns 524,314 shares of the utilities provider’s stock valued at $2,999,000 after acquiring an additional 20,839 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1.7% during 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 acquiring an additional 4,308 shares during the last quarter. Trexquant Investment LP raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.4% during the fourth 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, Walleye Capital LLC purchased a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter valued at about $999,000. Institutional investors and hedge funds own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 0.8%

EBR stock opened at $7.71 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04. The company’s 50 day simple moving average is $7.22 and its 200-day simple moving average is $6.49. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12 month low of $5.45 and a 12 month high of $7.83. The firm has a market capitalization of $17.32 billion, a PE ratio of 9.40, a P/E/G ratio of 4.35 and a beta of 0.75.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last posted its earnings results on Friday, March 14th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 26.50% and a return on equity of 9.00%. Equities analysts expect 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 business also recently disclosed a — dividend, which will be paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a dividend 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 presently 32.93%.

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.