Amundi Has $787,000 Position in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Amundi lessened its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) by 23.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 138,136 shares of the utilities provider's stock after selling 41,227 shares during the quarter. Amundi's holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás were worth $787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 4th quarter valued at approximately $517,000. Vinland Capital Management Gestora de Recursos LTDA. bought a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 4th quarter worth approximately $320,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 3rd quarter worth approximately $4,338,000. Van ECK Associates Corp boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 4.1% during the 4th quarter. Van ECK Associates Corp now owns 524,314 shares of the utilities provider's stock worth $2,999,000 after buying an additional 20,839 shares in the last quarter. Finally, Metis Global Partners LLC boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 12.3% during the 3rd quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider's stock worth $260,000 after buying an additional 3,934 shares in the last quarter. Institutional investors and hedge funds own 2.64% of the company's stock.

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Centrais Elétricas Brasileiras S.A. - Eletrobrás Trading Down 1.3 %

Shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás stock traded down $0.10 on Friday, reaching $7.32. 989,912 shares of the company's stock were exchanged, compared to its average volume of 1,151,493. The company has a market capitalization of $16.43 billion, a P/E ratio of 8.92, a price-to-earnings-growth 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. The firm's 50-day moving average is $6.41 and its two-hundred day moving average is $6.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last posted its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.08). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $10.17 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 EPS for the current fiscal year.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Cuts Dividend

The firm also recently declared a -- dividend, which was paid on Tuesday, January 21st. Shareholders 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 was Monday, December 30th. Centrais Elétricas Brasileiras S.A. - Eletrobrás's payout ratio is 23.17%.

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.