By otakuyassine3@gmail.com 
Sequoia Financial Advisors LLC lessened its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR – Free Report) by 21.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,998 shares of the utilities provider’s stock after selling 4,757 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $97,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of EBR. Sanctuary Advisors LLC bought a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter valued at $517,000. Van ECK Associates Corp grew its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 4.1% during the fourth quarter. Van ECK Associates Corp now owns 524,314 shares of the utilities provider’s stock valued at $2,999,000 after purchasing an additional 20,839 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1.7% in the fourth 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 last quarter. Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the fourth quarter worth about $320,000. Finally, First Affirmative Financial Network boosted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 39.7% during the fourth quarter. First Affirmative Financial Network now owns 39,299 shares of the utilities provider’s stock valued at $225,000 after buying an additional 11,177 shares during the last quarter. Hedge funds and other institutional investors own 2.64% of the company’s stock.
Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance
NYSE:EBR opened at $7.41 on Friday. 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 company has a market cap of $16.64 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 4.35 and a beta of 1.00. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1 year low of $5.45 and a 1 year high of $8.57. The stock’s 50 day simple moving average is $6.38 and its two-hundred day simple moving average is $6.46.
Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR – Get Free Report) last released 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). Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $10.17 billion. As a group, equities analysts anticipate that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current fiscal year.
Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend
The business also recently declared a — dividend, which was paid on Tuesday, January 21st. Investors of record on Monday, December 30th were given a $0.1414 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a yield of 1%. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio is currently 23.17%.
Centrais Elétricas Brasileiras S.A. – Eletrobrás Company 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.
See Also
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