Short Interest in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Expands By 6.6%

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 4,200,000 shares, an increase of 6.6% from the May 31st total of 3,940,000 shares. Based on an average trading volume of 1,130,000 shares, the short-interest ratio is presently 3.7 days.

Institutional Trading of Centrais Elétricas Brasileiras S.A. – Eletrobrás

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Affirmative Financial Network raised its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 17.0% during the 4th quarter. First Affirmative Financial Network now owns 13,642 shares of the utilities provider’s stock valued at $118,000 after purchasing an additional 1,978 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 19,578 shares of the utilities provider’s stock valued at $169,000 after purchasing an additional 3,640 shares during the last quarter. Cerity Partners LLC raised its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 42.2% during the 4th quarter. Cerity Partners LLC now owns 15,132 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 4,491 shares during the last quarter. Deltec Asset Management LLC raised its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 4.8% during the 4th quarter. Deltec Asset Management LLC now owns 110,000 shares of the utilities provider’s stock valued at $948,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 81.4% in the 3rd quarter. Citigroup Inc. now owns 13,672 shares of the utilities provider’s stock valued at $100,000 after buying an additional 6,135 shares during the period. 6.54% of the stock is currently owned by institutional investors and hedge funds.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 3.5 %

EBR stock opened at $6.81 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.57 and a quick ratio of 1.56. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12 month low of $6.21 and a 12 month high of $9.11. The firm has a 50 day moving average of $6.99 and a two-hundred day moving average of $7.91.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last issued its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.03 earnings per share for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 12.98% and a return on equity of 4.18%. The business had revenue of $1.76 billion during the quarter. On average, sell-side analysts predict that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.49 earnings per share for the current year.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, May 16th. Stockholders of record on Thursday, May 9th were paid a $0.059 dividend. This represents a dividend yield of 0.8%. This is a boost from Centrais Elétricas Brasileiras S.A. – Eletrobrás’s previous annual dividend of $0.04. The ex-dividend date of this dividend was Wednesday, May 8th.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th.

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.