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

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

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

Shares of EBR stock opened at $7.16 on Wednesday. The business’s 50 day simple moving average is $6.31 and its 200 day simple moving average is $6.45. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a one year low of $5.45 and a one year high of $8.57. The stock has a market capitalization of $16.07 billion, a PE ratio of 8.73, a PEG ratio of 4.35 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last announced its earnings results on Friday, March 14th. The utilities provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $10.17 billion. As a group, research analysts forecast that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current year.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

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

Hedge Funds Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás

Institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. lifted its stake 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 buying an additional 1,528 shares during the period. Tower Research Capital LLC TRC lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 124.1% in the fourth 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 during the period. Barclays PLC lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 301.9% in the fourth quarter. Barclays PLC now owns 10,047 shares of the utilities provider’s stock valued at $57,000 after buying an additional 7,547 shares during the period. Two Sigma Advisers LP acquired a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter valued at approximately $62,000. Finally, First Trust Advisors LP acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the fourth quarter worth approximately $81,000. 2.64% of the stock is owned by institutional investors and hedge funds.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company 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.