Short Interest in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Expands By 17.1%

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 1,710,000 shares, a growth of 17.1% from the April 30th total of 1,460,000 shares. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is presently 1.3 days. Approximately 0.1% of the shares of the company are short sold.

Analyst Ratings Changes

• 2 Strong Utilities Plays With Booming Earnings and Room to Grow

Separately, Wall Street Zen cut Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

Get Our Latest Research Report on Centrais Elétricas Brasileiras S.A. - Eletrobrás

Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Performance

NYSE:EBR traded up $0.11 during midday trading on Thursday, reaching $7.42. The stock had a trading volume of 1,014,555 shares, compared to its average volume of 1,202,835. The stock has a market capitalization of $16.65 billion, a P/E ratio of 9.76, a PEG ratio of 4.35 and a beta of 0.75. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 1-year low of $5.45 and a 1-year high of $7.83. 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 firm's fifty day simple moving average is $7.35 and its 200-day simple moving average is $6.61.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.17). 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 $1.64 billion during the quarter, compared to analyst estimates of $10.28 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 Increases Dividend

The business also recently announced a -- dividend, which was paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th were given a dividend of $0.1575 per share. The ex-dividend date was Wednesday, April 30th. This represents a yield of 4%. This is a positive change from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous -- dividend of $0.14. Centrais Elétricas Brasileiras S.A. - Eletrobrás's payout ratio is 36.84%.

Institutional Investors Weigh In On Centrais Elétricas Brasileiras S.A. - Eletrobrás

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC boosted its position in shares of 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 acquiring an additional 3,235,114 shares in the last quarter. American Century Companies Inc. lifted its stake in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 18.6% during the first quarter. American Century Companies Inc. now owns 683,401 shares of the utilities provider's stock worth $4,852,000 after purchasing an additional 107,297 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 92.0% during the first quarter. Goldman Sachs Group Inc. now owns 658,681 shares of the utilities provider's stock valued at $4,677,000 after purchasing an additional 315,607 shares in the last quarter. Kapitalo Investimentos Ltda grew its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 3,872.3% in the 1st quarter. Kapitalo Investimentos Ltda now owns 588,811 shares of the utilities provider's stock valued at $4,181,000 after purchasing an additional 573,988 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 105.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 563,836 shares of the utilities provider's stock valued at $4,003,000 after purchasing an additional 289,184 shares during the period. Institutional investors and hedge funds own 2.64% of the company's stock.

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.

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