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

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Schonfeld Strategic Advisors LLC bought a new stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás in the fourth quarter worth about $681,000. Two Sigma Securities LLC bought a new stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás in the fourth quarter worth about $149,000. Hsbc Holdings PLC raised its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 6.2% in the fourth quarter. Hsbc Holdings PLC now owns 499,307 shares of the utilities provider's stock worth $2,856,000 after acquiring an additional 29,302 shares in the last quarter. Stifel Financial Corp raised its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 10.1% in the fourth quarter. Stifel Financial Corp now owns 37,941 shares of the utilities provider's stock worth $217,000 after acquiring an additional 3,480 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position 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 worth $40,000 after acquiring an additional 3,870 shares in the last quarter. 2.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Centrais Elétricas Brasileiras S.A. - Eletrobrás Trading Down 0.1%

Shares of EBR opened at $7.41 on Friday. The business's 50-day moving average price is $7.36 and its 200 day moving average price is $6.63. The stock has a market capitalization of $16.63 billion, a P/E ratio of 9.74, a P/E/G ratio of 4.35 and a beta of 0.67. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 1-year low of $5.45 and a 1-year high of $7.83. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last issued 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 company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $10.28 billion. Centrais Elétricas Brasileiras S.A. - Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. Analysts expect that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 earnings per share for the current year.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Increases Dividend

The business also recently declared a -- dividend, which was paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a yield of 4%. This is a boost from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous -- dividend of $0.14. Centrais Elétricas Brasileiras S.A. - Eletrobrás's dividend payout ratio (DPR) is currently 36.84%.

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.

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