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

Two Sigma Investments LP grew its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) by 230.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 316,380 shares of the utilities provider's stock after acquiring 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 51.8% in the 4th 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 during the period. Tower Research Capital LLC TRC grew its position 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 period. Barclays PLC grew its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 301.9% in the 4th 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 acquired a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás in the 4th quarter valued at approximately $81,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás in the 4th quarter valued at approximately $149,000. 2.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered 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 Stock Down 0.9%

NYSE:EBR traded down $0.07 during trading hours on Wednesday, reaching $7.33. 888,072 shares of the stock were exchanged, compared to its average volume of 1,201,293. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a twelve month low of $5.45 and a twelve month high of $7.83. 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 firm has a 50 day moving average of $7.35 and a 200 day moving average of $6.61. The stock has a market cap of $16.46 billion, a PE ratio of 9.64, a PEG ratio of 4.35 and a beta of 0.75.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last released 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). Centrais Elétricas Brasileiras S.A. - Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $10.28 billion. On average, equities 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 disclosed a -- dividend, which was paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th were issued a $0.1575 dividend. This represents a dividend yield of 4%. The ex-dividend date of this dividend 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 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.