Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Short Interest Down 24.7% in February

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,860,000 shares, a decrease of 24.7% from the February 13th total of 2,470,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,550,000 shares, the short-interest ratio is currently 1.2 days.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

Shares of EBR traded down $0.02 during midday trading on Tuesday, hitting $7.16. 598,805 shares of the company traded hands, compared to its average volume of 1,151,931. The stock has a 50-day moving average of $6.31 and a 200-day moving average of $6.45. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a one year low of $5.45 and a one year high of $8.57. The firm has a market cap of $16.07 billion, a P/E ratio of 8.73, a PEG ratio of 4.35 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last announced its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). 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 $1.67 billion for the quarter, compared to the consensus estimate of $10.17 billion. As a group, sell-side analysts predict that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current fiscal year.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, January 21st. Stockholders of record on Monday, December 30th were issued a dividend of $0.1414 per share. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Monday, December 30th. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s payout ratio is 23.17%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EBR. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of 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 worth $26,000 after purchasing an additional 1,528 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of 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 purchasing an additional 3,870 shares in the last quarter. Barclays PLC grew its holdings 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 worth $57,000 after purchasing an additional 7,547 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the fourth quarter worth about $62,000. Finally, First Trust Advisors LP purchased a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the fourth quarter worth about $81,000. Hedge funds and other institutional investors own 2.64% of the company’s stock.

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.