Two Sigma Investments LP Has $1.81 Million Stock Holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Two Sigma Investments LP grew its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) by 230.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 316,380 shares of the utilities provider's stock after buying an additional 220,780 shares during the quarter. Two Sigma Investments LP's holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás were worth $1,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. raised its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 51.8% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 1,528 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% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 3,870 shares during the last quarter. Barclays PLC raised its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 301.9% during the 4th quarter. Barclays PLC now owns 10,047 shares of the utilities provider's stock worth $57,000 after buying an additional 7,547 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 4th quarter worth $81,000. Finally, Two Sigma Securities LLC acquired a new stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás in the fourth quarter valued at about $149,000. Institutional investors own 2.64% of the company's stock.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance

EBR stock traded down $0.00 during trading on Friday, reaching $7.41. 784,371 shares of the company were exchanged, compared to its average volume of 1,202,749. The company has a market capitalization of $16.63 billion, a price-to-earnings ratio of 9.74, a P/E/G ratio of 4.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04. The company has a 50-day moving average of $7.36 and a two-hundred day moving average of $6.63. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a twelve month low of $5.45 and a twelve month high of $7.83.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last posted its 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). Centrais Elétricas Brasileiras S.A. - Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $10.28 billion. As a group, equities analysts predict 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. Shareholders 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 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 is presently 36.84%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "buy" rating to a "hold" rating in a research note 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.