Balyasny Asset Management L.P. Lowers Stock Position in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Balyasny Asset Management L.P. trimmed its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) by 59.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,164 shares of the utilities provider's stock after selling 35,693 shares during the period. Balyasny Asset Management L.P.'s holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás were worth $138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EBR. Mariner LLC increased its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 11.5% during the 4th quarter. Mariner LLC now owns 29,316 shares of the utilities provider's stock worth $168,000 after purchasing an additional 3,031 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 10.1% during the 4th quarter. Stifel Financial Corp now owns 37,941 shares of the utilities provider's stock worth $217,000 after purchasing an additional 3,480 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 124.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider's stock worth $40,000 after purchasing an additional 3,870 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 1.7% during the 4th 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 in the last quarter. Finally, Beck Bode LLC increased its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 24.8% during the 4th quarter. Beck Bode LLC now owns 26,980 shares of the utilities provider's stock worth $154,000 after purchasing an additional 5,354 shares in the last quarter. 2.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance

Shares of EBR traded up $0.05 during mid-day trading on Friday, reaching $7.40. 1,147,038 shares of the company's stock were exchanged, compared to its average volume of 1,194,923. The company has a market cap of $16.61 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 4.35 and a beta of 0.75. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. 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 50-day simple moving average of $7.34 and a two-hundred day simple moving average of $6.55.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last released its earnings results on Thursday, May 15th. The utilities provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.17). The firm 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%. On average, sell-side 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 Increases Dividend

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

Centrais Elétricas Brasileiras S.A. - Eletrobrás Company 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.