Connor Clark & Lunn Investment Management Ltd. Has $1.03 Million Stock Position in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Connor Clark & Lunn Investment Management Ltd. lessened its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 72.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 180,257 shares of the utilities provider’s stock after selling 470,813 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of EBR. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 3rd quarter worth approximately $4,338,000. Main Management ETF Advisors LLC acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 3rd quarter worth approximately $926,000. Sanctuary Advisors LLC acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 4th quarter worth approximately $517,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 3rd quarter worth approximately $433,000. Finally, Vinland Capital Management Gestora de Recursos LTDA. acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 4th quarter worth approximately $320,000. Institutional investors and hedge funds own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

Shares of NYSE:EBR opened at $7.41 on Friday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1-year low of $5.45 and a 1-year high of $8.57. The firm has a market capitalization of $16.64 billion, a PE ratio of 9.04, a PEG ratio of 4.35 and a beta of 1.00. The business’s 50 day moving average is $6.38 and its 200-day moving average is $6.46. 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) last posted its earnings results on Friday, March 14th. The utilities provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The company had revenue of $1.67 billion for 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%. Sell-side analysts predict that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current year.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Cuts Dividend

The business also recently announced 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 dividend yield of 1%. Centrais Elétricas Brasileiras S.A. – Eletrobrás’s dividend payout ratio (DPR) is presently 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.