Connor Clark & Lunn Investment Management Ltd. Decreases Holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Connor Clark & Lunn Investment Management Ltd. reduced its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) by 72.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 180,257 shares of the utilities provider's stock after selling 470,813 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás were worth $1,031,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás in the fourth quarter worth about $517,000. Van ECK Associates Corp boosted its position 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 purchasing an additional 20,839 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 1.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 255,183 shares of the utilities provider's stock worth $1,460,000 after purchasing an additional 4,308 shares during the period. Vinland Capital Management Gestora de Recursos LTDA. purchased a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás during the 4th quarter valued at approximately $320,000. Finally, First Affirmative Financial Network lifted its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 39.7% in the 4th quarter. First Affirmative Financial Network now owns 39,299 shares of the utilities provider's stock valued at $225,000 after purchasing an additional 11,177 shares during the period. Hedge funds and other institutional investors own 2.64% of the company's stock.

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Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Performance

NYSE EBR traded down $0.12 during mid-day trading on Monday, reaching $7.21. 1,239,278 shares of the stock were exchanged, compared to its average volume of 1,151,844. The company has a market capitalization of $16.18 billion, a P/E ratio of 8.79, a P/E/G ratio of 4.35 and a beta of 1.00. 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 business's 50 day moving average is $6.41 and its 200-day moving average is $6.45. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 1 year low of $5.45 and a 1 year high of $8.57.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last posted 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). Centrais Elétricas Brasileiras S.A. - Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. The firm had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $10.17 billion. On average, equities research analysts forecast that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 EPS for the current fiscal year.

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.