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 short-interest ratio is currently 1.2 days. Currently, 0.1% of the company’s shares are short sold.

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

A number of institutional investors have recently modified their holdings of EBR. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of 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 purchasing an additional 1,528 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of 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 purchasing an additional 3,870 shares in the last quarter. Barclays PLC lifted its holdings in shares of 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 purchasing an additional 7,547 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter valued at about $62,000. Finally, First Trust Advisors LP bought a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter valued at about $81,000. 2.64% of the stock is currently owned by institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

EBR stock opened at $7.02 on Monday. The business’s 50-day moving average price is $6.25 and its two-hundred day moving average price is $6.45. 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 firm has a market cap of $15.76 billion, a PE ratio of 7.23, a P/E/G ratio of 4.35 and a beta of 1.00. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1-year low of $5.45 and a 1-year high of $8.63.

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 the consensus estimate of $0.11 by ($0.08). The business 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, 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 company also recently declared a — dividend, which was paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th were issued a $0.1414 dividend. The ex-dividend date was Monday, December 30th. This represents a dividend yield of 1%. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio (DPR) is 19.59%.

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.