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

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

Institutional Investors Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP bought a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter valued at about $62,000. Two Sigma Investments LP raised its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 230.9% in the 4th quarter. Two Sigma Investments LP now owns 316,380 shares of the utilities provider’s stock valued at $1,810,000 after acquiring an additional 220,780 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in 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 acquiring an additional 1,528 shares during the period. Point72 Asset Management L.P. bought a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter valued at about $1,406,000. Finally, Millennium Management LLC raised its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 336.5% in the 4th quarter. Millennium Management LLC now owns 4,196,607 shares of the utilities provider’s stock valued at $24,005,000 after acquiring an additional 3,235,114 shares during the period. 2.64% of the stock is currently owned by institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

Shares of NYSE:EBR traded down $0.02 during midday trading on Tuesday, reaching $7.16. The company had a trading volume of 598,805 shares, compared to its average volume of 1,151,931. The company’s 50 day moving average price is $6.31 and its 200 day moving average price is $6.45. 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 stock has a market cap of $16.07 billion, a P/E ratio of 8.73, a P/E/G ratio of 4.35 and a beta of 1.00. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 52-week low of $5.45 and a 52-week high of $8.57.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last issued its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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. As a group, sell-side analysts anticipate 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 company also recently disclosed a — dividend, which was paid on Tuesday, January 21st. Investors of record on Monday, December 30th were paid a $0.1414 dividend. This represents a yield of 1%. The ex-dividend date was Monday, December 30th. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio is currently 23.17%.

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.