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

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

Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Up 2.4 %

NYSE:EBR traded up $0.18 on Wednesday, reaching $7.34. 130,443 shares of the stock traded hands, compared to its average volume of 1,148,047. The company's fifty day simple moving average is $6.31 and its 200 day simple moving average is $6.45. The company has a market capitalization of $16.47 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 4.35 and a beta of 1.00. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 12 month low of $5.45 and a 12 month high of $8.57. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last issued its earnings results on Friday, March 14th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $1.67 billion during 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%. Equities analysts predict that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 EPS for the current fiscal year.

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Centrais Elétricas Brasileiras S.A. - Eletrobrás Cuts Dividend

The business also recently disclosed a -- dividend, which was paid on Tuesday, January 21st. Investors of record on Monday, December 30th were given a dividend of $0.1414 per share. The ex-dividend date was Monday, December 30th. This represents a yield of 1%. Centrais Elétricas Brasileiras S.A. - Eletrobrás's dividend payout ratio (DPR) is 23.17%.

Institutional Trading of Centrais Elétricas Brasileiras S.A. - Eletrobrás

A number of hedge funds and other institutional investors have recently bought and sold shares of EBR. Millennium Management LLC raised its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 336.5% during the 4th quarter. Millennium Management LLC now owns 4,196,607 shares of the utilities provider's stock valued at $24,005,000 after purchasing an additional 3,235,114 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás in the 3rd quarter worth approximately $4,338,000. American Century Companies Inc. increased its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 21.6% in the 4th 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 during the last quarter. Van ECK Associates Corp increased its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 4.1% in the 4th 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 during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 6.2% in the 4th quarter. Hsbc Holdings PLC now owns 499,307 shares of the utilities provider's stock worth $2,856,000 after acquiring an additional 29,302 shares during the last quarter. Hedge funds and other institutional investors own 2.64% of the company's stock.

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.