Amundi Sells 41,227 Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Amundi cut its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 23.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,136 shares of the utilities provider’s stock after selling 41,227 shares during the period. Amundi’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $787,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Metis Global Partners LLC increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% during the 3rd quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 3,934 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 255,183 shares of the utilities provider’s stock worth $1,460,000 after purchasing an additional 4,308 shares during the period. Natixis Advisors LLC raised its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% in the third quarter. Natixis Advisors LLC now owns 50,727 shares of the utilities provider’s stock worth $367,000 after buying an additional 5,552 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 55.6% during the third quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider’s stock valued at $159,000 after buying an additional 7,843 shares during the period. Finally, First Affirmative Financial Network grew its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 39.7% during the fourth quarter. First Affirmative Financial Network now owns 39,299 shares of the utilities provider’s stock worth $225,000 after buying an additional 11,177 shares in the last quarter. 2.64% of the stock is owned by hedge funds and other institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

NYSE:EBR opened at $7.40 on Thursday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a twelve month low of $5.45 and a twelve month high of $8.57. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The stock has a market cap of $16.61 billion, a P/E ratio of 9.02, a PEG ratio of 4.35 and a beta of 1.00. The business’s 50-day moving average price is $6.34 and its two-hundred day moving average price is $6.46.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last issued its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $10.17 billion. As a group, equities analysts predict that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS 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. Shareholders of record on Monday, December 30th were paid a dividend of $0.1414 per share. This represents a 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.