XTX Topco Ltd Acquires 52,212 Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

XTX Topco Ltd increased its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 177.7% during the fourth quarter, HoldingsChannel reports. The firm owned 81,590 shares of the utilities provider’s stock after buying an additional 52,212 shares during the period. XTX Topco Ltd’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Mariner LLC boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 11.5% during the 4th quarter. Mariner LLC now owns 29,316 shares of the utilities provider’s stock valued at $168,000 after acquiring an additional 3,031 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 255,183 shares of the utilities provider’s stock worth $1,460,000 after purchasing an additional 4,308 shares during the period. Barclays PLC raised its stake in 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 valued at $57,000 after buying an additional 7,547 shares during the last quarter. First Affirmative Financial Network lifted its holdings 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 valued at $225,000 after buying an additional 11,177 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 42.4% in the 3rd quarter. Jane Street Group LLC now owns 62,646 shares of the utilities provider’s stock worth $453,000 after buying an additional 18,639 shares during the last quarter. 2.64% of the stock is owned by hedge funds and other institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

Shares of EBR opened at $7.24 on Monday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a one year low of $5.45 and a one year high of $7.93. The business has a fifty day moving average of $6.90 and a 200 day moving average of $6.41. 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 firm has a market capitalization of $16.25 billion, a P/E ratio of 8.82, a PEG ratio of 4.35 and a beta of 0.65.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) 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 for 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%. As a group, sell-side analysts anticipate 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 firm also recently declared a — dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.1575 per share. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a boost 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 currently 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.