Tower Research Capital LLC TRC Grows Position in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Tower Research Capital LLC TRC increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 124.1% in the fourth quarter, HoldingsChannel reports. The firm owned 6,988 shares of the utilities provider’s stock after purchasing an additional 3,870 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $40,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EBR. First Affirmative Financial Network raised its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 39.7% in the fourth quarter. First Affirmative Financial Network now owns 39,299 shares of the utilities provider’s stock worth $225,000 after purchasing an additional 11,177 shares during the last quarter. Vinland Capital Management Gestora de Recursos LTDA. bought a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter worth $320,000. Mirae Asset Global Investments Co. Ltd. grew its holdings 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 valued at $1,460,000 after purchasing an additional 4,308 shares during the period. Van ECK Associates Corp grew its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 4.1% during the fourth quarter. Van ECK Associates Corp now owns 524,314 shares of the utilities provider’s stock valued at $2,999,000 after purchasing an additional 20,839 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás during the fourth quarter valued at about $517,000. Hedge funds and other institutional investors own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás stock opened at $7.70 on Wednesday. The stock’s 50-day simple moving average is $7.26 and its 200-day simple moving average is $6.50. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 52 week low of $5.45 and a 52 week high of $7.83. The company has a market capitalization of $17.29 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 4.35 and a beta of 0.75. 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) last posted its earnings results on Friday, March 14th. The utilities provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The firm 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 return on equity of 9.00% and a net margin of 26.50%. As a group, 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 company also recently announced a — dividend, which will be paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th will be given a $0.1575 dividend. This is an increase from Centrais Elétricas Brasileiras S.A. – Eletrobrás’s previous — dividend of $0.14. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Wednesday, April 30th. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s payout ratio is currently 32.93%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

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.