Hsbc Holdings PLC Purchases 29,302 Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Hsbc Holdings PLC grew its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 499,307 shares of the utilities provider’s stock after purchasing an additional 29,302 shares during the quarter. Hsbc Holdings PLC’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $2,856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 124.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider’s stock valued at $40,000 after buying an additional 3,870 shares in the last quarter. Barclays PLC raised 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 valued at $57,000 after purchasing an additional 7,547 shares during the period. First Trust Advisors LP bought a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 4th quarter valued at $81,000. Mariner LLC lifted its holdings in 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 worth $168,000 after purchasing an additional 3,031 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 10.1% in the 4th quarter. Stifel Financial Corp now owns 37,941 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 3,480 shares during the period. Institutional investors own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Up 0.9 %

Shares of EBR opened at $7.76 on Wednesday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a twelve month low of $5.45 and a twelve month high of $7.93. The stock has a market cap of $17.43 billion, a PE ratio of 9.46, a P/E/G ratio of 4.35 and a beta of 0.65. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $7.04 and its 200-day moving average price is $6.44.

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 for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $10.17 billion. On average, equities analysts forecast that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current fiscal 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 given 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 an increase 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%.

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.