Two Sigma Advisers LP Acquires New Stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Two Sigma Advisers LP acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,800 shares of the utilities provider’s stock, valued at approximately $62,000.

Several other institutional investors have also recently added to or reduced their stakes in EBR. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 51.8% during the 4th 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 during the period. Mariner LLC increased its stake 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 purchasing an additional 3,031 shares during the last quarter. Stifel Financial Corp increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 10.1% in the fourth quarter. Stifel Financial Corp now owns 37,941 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 3,480 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in 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 buying an additional 3,870 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 255,183 shares of the utilities provider’s stock worth $1,460,000 after buying an additional 4,308 shares during the period. Institutional investors and hedge funds own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

Centrais Elétricas Brasileiras S.A. – Eletrobrás stock opened at $7.41 on Monday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1 year low of $5.45 and a 1 year high of $7.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06. The firm has a 50 day moving average price of $7.36 and a 200 day moving average price of $6.64. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 4.35 and a beta of 0.67.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last released its quarterly earnings data on Thursday, May 15th. The utilities provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $10.28 billion. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. Sell-side analysts predict 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 firm also recently announced a — dividend, which was paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th were paid 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 (DPR) is currently 36.84%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd.

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.