245,800 Shares in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Acquired by Point72 Asset Management L.P.

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

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in 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 buying an additional 3,870 shares during the period. Barclays PLC boosted 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 valued at $57,000 after purchasing an additional 7,547 shares during the period. First Trust Advisors LP purchased a new stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the fourth quarter valued at $81,000. Two Sigma Securities LLC purchased a new stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the fourth quarter valued at $149,000. Finally, Beck Bode LLC boosted its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 24.8% during the fourth quarter. Beck Bode LLC now owns 26,980 shares of the utilities provider's stock valued at $154,000 after purchasing an additional 5,354 shares during the period. 2.64% of the stock is owned by hedge funds and other institutional investors.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Up 1.3%

Shares of EBR traded up $0.10 during mid-day trading on Tuesday, hitting $7.50. 319,527 shares of the company traded hands, compared to its average volume of 1,191,689. 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 quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $16.83 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 4.35 and a beta of 0.75. The business has a 50 day moving average of $7.34 and a 200 day moving average of $6.56.

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) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.17). Centrais Elétricas Brasileiras S.A. - Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $10.28 billion. Equities research analysts anticipate that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 EPS for the current year.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Increases Dividend

The firm also recently declared a -- dividend, which was paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th were issued 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 dividend payout ratio is 36.84%.

Analysts Set New Price Targets

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

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.