Short Interest in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Declines By 14.0%

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,600,000 shares, a decline of 14.0% from the February 28th total of 1,860,000 shares. Currently, 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 1,460,000 shares, the days-to-cover ratio is currently 1.1 days.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Down 2.1 %

Centrais Elétricas Brasileiras S.A. - Eletrobrás stock traded down $0.15 during midday trading on Monday, reaching $6.82. The company's stock had a trading volume of 1,094,990 shares, compared to its average volume of 1,176,521. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04. The stock has a market capitalization of $15.31 billion, a P/E ratio of 8.31, a PEG ratio of 4.35 and a beta of 0.65. The stock's 50-day simple moving average is $6.69 and its 200-day simple moving average is $6.42. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 52-week low of $5.45 and a 52-week high of $8.37.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last released its earnings results on Friday, March 14th. The utilities provider reported $0.03 EPS 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 analyst estimates of $10.17 billion. On average, sell-side analysts expect that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 EPS for the current year.

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Centrais Elétricas Brasileiras S.A. - Eletrobrás Increases Dividend

The company also recently declared a -- dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.1575 per share. The ex-dividend date is Wednesday, April 30th. This represents a yield of 4%. This is a boost from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous -- dividend of $0.14. Centrais Elétricas Brasileiras S.A. - Eletrobrás's payout ratio is currently 40.24%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. increased its holdings 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 worth $26,000 after buying an additional 1,528 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 124.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider's stock worth $40,000 after acquiring an additional 3,870 shares during the period. Barclays PLC increased its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 301.9% in the fourth quarter. Barclays PLC now owns 10,047 shares of the utilities provider's stock worth $57,000 after acquiring an additional 7,547 shares during the period. Two Sigma Advisers LP acquired a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás during the fourth quarter valued at $62,000. Finally, First Trust Advisors LP purchased a new stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás in the fourth quarter valued at $81,000. 2.64% of the stock is owned by institutional investors and hedge funds.

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.