XTX Topco Ltd Sells 11,306 Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

XTX Topco Ltd lowered its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 26.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,017 shares of the utilities provider’s stock after selling 11,306 shares during the period. XTX Topco Ltd’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% in the 2nd quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 4,019 shares in the last quarter. Signaturefd LLC increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% in the 2nd quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider’s stock worth $49,000 after buying an additional 4,867 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter worth about $98,000. Barometer Capital Management Inc. purchased a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter worth about $119,000. Finally, SG Americas Securities LLC lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 18.7% during the 2nd quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,284 shares during the period. 6.54% of the stock is currently owned by hedge funds and other institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Down 0.5 %

Shares of EBR opened at $7.28 on Monday. The firm has a fifty day simple moving average of $7.27 and a two-hundred day simple moving average of $7.31. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.54. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1-year low of $6.21 and a 1-year high of $9.11.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.14 EPS for the quarter. The company had revenue of $1.61 billion during the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 4.18% and a net margin of 13.37%. On average, equities research analysts expect that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating in a research note on Monday, September 23rd.

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.