Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Sees Significant Decrease in Short Interest

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 1,860,000 shares, a decline of 24.7% from the February 13th total of 2,470,000 shares. Based on an average trading volume of 1,550,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.1% of the shares of the stock are short sold.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Advisers LP bought a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the fourth quarter worth about $62,000. Two Sigma Investments LP grew its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 230.9% during the fourth quarter. Two Sigma Investments LP now owns 316,380 shares of the utilities provider’s stock worth $1,810,000 after purchasing an additional 220,780 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 51.8% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 1,528 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter valued at approximately $1,406,000. Finally, Millennium Management LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 336.5% in the fourth quarter. Millennium Management LLC now owns 4,196,607 shares of the utilities provider’s stock valued at $24,005,000 after acquiring an additional 3,235,114 shares during the last quarter. 2.64% of the stock is currently owned by institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Down 0.2 %

Shares of NYSE EBR opened at $7.16 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47. The company has a market cap of $16.07 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 4.35 and a beta of 1.00. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12 month low of $5.45 and a 12 month high of $8.57. The stock has a 50-day moving average price of $6.31 and a two-hundred day moving average price of $6.45.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last released its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate 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 forecast 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 Cuts Dividend

The company also recently declared a — dividend, which was paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th were issued a dividend of $0.1414 per share. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Monday, December 30th. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio (DPR) is currently 23.17%.

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.