Why Auren Energia?

I decided to be an investment partner in the electric company Auren Energia (AURE3) and acquired a position that I intend to increase until I reach the objective of 15% of my portfolio.

Imagem from https://playinvest.com.br/monitor-de-dividendos

It is a company that paid excellent dividends of 22.19% in 2023 despite having substantially reduced its leverage.

Imagens from Microssoft start

Its results have been positively surprising, exceeding expectations.

Imagens from Microssoft start

Analyzing the annual chart, the company showed two significant drops and is currently trading below the 50- and 200-day moving averages.

Imagem from site
https://www.aurenenergia.com.br/#institucional

Auren was born from the combination of the energy assets of Votorantim S.A. and the Canadian pension fund CPPIB. The combination was made so that Cesp's controlling company, VTRM Energia Participações S.A., could incorporate the company's shares. In this way, Cesp becomes a wholly owned subsidiary of VTRM.

Imagem from site https://ri.telefonica.com.br/resultados-e-comunicados/central-de-resultados/

Future prospects are promising with several business opportunities realized to increase the number of customers, such as the joint venture with the telecommunications company Vivo. CADE (Administrative Council for Economic Defense) approved, without restrictions, the union between Auren Energia and Vivo. The information appears in the DOU (Official Gazette of the Union) this Monday (8). The companies will create a joint venture focused on selling electricity throughout Brazil, with an eye on opening the free market for Group A retail consumers.

Taking advantage of synergies is also a reality, as in the case of Citrossuco

www.citrosuco.com.br/wp-content/uploads/2021/01/logo-citro-suco.png

Citrosuco, one of the largest producers and exporters of orange juice in the world, is investing to reduce its environmental impact. The company has just spent R$44 million for a share in Auren Energia's largest solar energy project (AURE3), called Sol de Jaíba. The relationship between the two companies is not new. Citrosuco owns 22.64% of Auren's wind project called Ventos de São Adeodato and 15% of Ventos de Santa Albertina. Through the new business, Citrosuco will transfer wind generation capacity to solar generation, with some increase.

Citrosuco and Auren have a company in common in their controlling group, the Votorantim Group.

https://www.infomoney.com.br/business/citrosuco-vira-socia-da-auren-em-projeto-de-energia-solar/

"Disclaimer: This post about my stock picking setup is for informational and educational purposes only. It does not constitute financial advice. All investment decisions should be made after research and consultation with a qualified financial professional. Past performance is not indicative of future results. I am not responsible for any decisions made based on the information provided in this post."

"Disclaimer:

Este post sobre o meu setup para escolha de ações é apenas para fins informativos e educacionais. Não constitui aconselhamento financeiro. Todas as decisões de investimento devem ser feitas após pesquisa e consulta a um profissional financeiro qualificado. O desempenho passado não é indicativo de resultados futuros. Eu não me responsabilizo por quaisquer decisões tomadas com base nas informações fornecidas neste post."

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