Point72 Asia Singapore Pte. Ltd. Purchases 1,528 Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Point72 Asia Singapore Pte. Ltd. boosted its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 51.8% during the 4th quarter, Holdings Channel reports. The fund owned 4,478 shares of the utilities provider’s stock after buying an additional 1,528 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $26,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter worth approximately $517,000. American Century Companies Inc. boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 21.6% in the fourth quarter. American Century Companies Inc. now owns 576,104 shares of the utilities provider’s stock worth $3,295,000 after acquiring an additional 102,457 shares in the last quarter. Vinland Capital Management Gestora de Recursos LTDA. bought a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter worth approximately $320,000. Van ECK Associates Corp boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 4.1% in the fourth quarter. Van ECK Associates Corp now owns 524,314 shares of the utilities provider’s stock worth $2,999,000 after acquiring an additional 20,839 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 285.3% in the fourth quarter. Quantbot Technologies LP now owns 123,766 shares of the utilities provider’s stock worth $708,000 after acquiring an additional 91,643 shares in the last quarter. Institutional investors own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 1.6%

EBR stock opened at $7.47 on Tuesday. 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 quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average is $7.32 and its 200-day moving average is $6.53. The firm has a market capitalization of $16.78 billion, a PE ratio of 9.83, a P/E/G ratio of 4.35 and a beta of 0.75.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last posted its 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 net margin of 26.50% and a return on equity of 9.00%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $10.28 billion. Sell-side analysts expect that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current fiscal year.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Increases Dividend

The business also recently announced a — dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th will be issued a $0.1575 dividend. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a positive change 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, StockNews.com lowered Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 13th.

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.