Point72 Asset Management L.P. Makes New Investment in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Point72 Asset Management L.P. bought a new stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 245,800 shares of the utilities provider's stock, valued at approximately $1,406,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 336.5% during the 4th quarter. Millennium Management LLC now owns 4,196,607 shares of the utilities provider's stock worth $24,005,000 after purchasing an additional 3,235,114 shares during the last quarter. Walleye Capital LLC bought a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 4th quarter worth $999,000. Trexquant Investment LP lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 173.4% during the fourth quarter. Trexquant Investment LP now owns 219,079 shares of the utilities provider's stock worth $1,253,000 after buying an additional 138,951 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás in the fourth quarter valued at about $681,000. Finally, American Century Companies Inc. grew its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 21.6% in the fourth quarter. American Century Companies Inc. now owns 576,104 shares of the utilities provider's stock valued at $3,295,000 after acquiring an additional 102,457 shares in the last quarter. Institutional investors and hedge funds own 2.64% of the company's stock.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Down 1.0%

NYSE EBR opened at $7.30 on Thursday. 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 has a 1-year low of $5.45 and a 1-year high of $7.83. The company has a 50 day moving average of $7.33 and a 200-day moving average of $6.54. The company has a market cap of $16.38 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 4.35 and a beta of 0.75.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The utilities provider reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.17). The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate 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, equities research 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 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. This represents a yield of 4%. The ex-dividend date was Wednesday, April 30th. This is an increase from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous -- dividend of $0.14. Centrais Elétricas Brasileiras S.A. - Eletrobrás's payout ratio is 36.84%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th.

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.

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