Schonfeld Strategic Advisors LLC Invests $681,000 in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Schonfeld Strategic Advisors LLC purchased a new stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 119,043 shares of the utilities provider's stock, valued at approximately $681,000.

A number of other hedge funds have also recently modified their holdings of EBR. Tower Research Capital LLC TRC increased its holdings in 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 valued at $40,000 after purchasing an additional 3,870 shares during the period. Barclays PLC increased 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 buying an additional 7,547 shares during the period. First Trust Advisors LP bought a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the fourth quarter valued at approximately $81,000. Two Sigma Securities LLC purchased a new stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás in the fourth quarter worth $149,000. Finally, Mariner LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 11.5% in the fourth quarter. Mariner LLC now owns 29,316 shares of the utilities provider's stock valued at $168,000 after acquiring an additional 3,031 shares in the last quarter. Hedge funds and other institutional investors own 2.64% of the company's stock.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Up 0.8 %

Shares of NYSE EBR opened at $7.71 on Friday. The firm has a fifty day simple moving average of $7.22 and a two-hundred day simple moving average of $6.49. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 12 month low of $5.45 and a 12 month high of $7.83. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $17.32 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 4.35 and a beta of 0.75.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The utilities provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). 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 $1.67 billion during the quarter, compared to analysts' expectations of $10.17 billion. 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 company also recently declared a -- dividend, which will be paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th will be paid a $0.1575 dividend. This represents a yield of 4%. This is a boost from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous -- dividend of $0.14. The ex-dividend date of this dividend is Wednesday, April 30th. Centrais Elétricas Brasileiras S.A. - Eletrobrás's dividend payout ratio is presently 40.24%.

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.

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