Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Position Trimmed by Jane Street Group LLC

Jane Street Group LLC trimmed its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) by 73.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,479 shares of the utilities provider's stock after selling 46,167 shares during the period. Jane Street Group LLC's holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás were worth $94,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EBR. Tower Research Capital LLC TRC increased its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 124.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider's stock worth $40,000 after acquiring an additional 3,870 shares during the period. Barclays PLC increased its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 301.9% during the fourth quarter. Barclays PLC now owns 10,047 shares of the utilities provider's stock worth $57,000 after acquiring an additional 7,547 shares during the period. First Trust Advisors LP acquired a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the fourth quarter worth about $81,000. Two Sigma Securities LLC acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás in the fourth quarter valued at about $149,000. Finally, Mariner LLC lifted its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 11.5% in the fourth quarter. Mariner LLC now owns 29,316 shares of the utilities provider's stock valued at $168,000 after purchasing an additional 3,031 shares during the period. Institutional investors and hedge funds own 2.64% of the company's stock.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Trading Up 0.5%

Centrais Elétricas Brasileiras S.A. - Eletrobrás stock traded up $0.04 during trading on Wednesday, reaching $7.46. The company had a trading volume of 1,791,102 shares, compared to its average volume of 1,211,642. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 12-month low of $5.45 and a 12-month high of $7.83. The stock's 50 day moving average price is $7.38 and its two-hundred day moving average price is $6.66. The firm has a market capitalization of $16.74 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 4.35 and a beta of 0.67. 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 announced its quarterly earnings results on Thursday, May 15th. The utilities provider reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.17). The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $10.28 billion. Centrais Elétricas Brasileiras S.A. - Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%. As a group, equities analysts expect 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 Increases Dividend

The company also recently announced a -- dividend, which was paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.1575 per share. This is a boost from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous -- dividend of $0.14. This represents a dividend yield of 4%. The ex-dividend date of this dividend was Wednesday, April 30th. Centrais Elétricas Brasileiras S.A. - Eletrobrás's payout ratio is presently 36.84%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

Centrais Elétricas Brasileiras S.A. - Eletrobrás 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.