Cubist Systematic Strategies LLC Sells 301,643 Shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Cubist Systematic Strategies LLC cut its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) by 52.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 274,652 shares of the utilities provider's stock after selling 301,643 shares during the period. Cubist Systematic Strategies LLC's holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás were worth $1,571,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EBR. First Affirmative Financial Network raised its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 39.7% in the fourth quarter. First Affirmative Financial Network now owns 39,299 shares of the utilities provider's stock worth $225,000 after acquiring an additional 11,177 shares during the period. Vinland Capital Management Gestora de Recursos LTDA. bought a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás in the fourth quarter worth approximately $320,000. Mirae Asset Global Investments Co. Ltd. raised its position in 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 acquiring an additional 4,308 shares during the period. Van ECK Associates Corp raised its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 4.1% during the 4th quarter. Van ECK Associates Corp now owns 524,314 shares of the utilities provider's stock valued at $2,999,000 after purchasing an additional 20,839 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 4th quarter valued at $517,000. 2.64% of the stock is currently owned by institutional investors.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance

Shares of NYSE:EBR traded down $0.32 on Thursday, reaching $7.35. The company's stock had a trading volume of 1,528,183 shares, compared to its average volume of 1,185,730. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 52-week low of $5.45 and a 52-week high of $7.83. The company has a market cap of $16.51 billion, a P/E ratio of 8.96, a PEG ratio of 4.35 and a beta of 0.75. The company has a 50-day simple moving average of $7.29 and a 200 day simple moving average of $6.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last released 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 firm had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $10.17 billion. As a group, equities research analysts anticipate that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 EPS for the current fiscal year.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.1575 per share. This is a positive change from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous -- dividend of $0.14. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 4%. Centrais Elétricas Brasileiras S.A. - Eletrobrás's dividend payout ratio (DPR) is presently 32.93%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "strong-buy" rating to a "buy" rating in a research note on Tuesday.

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.