60,100 Shares in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Bought by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 60,100 shares of the utilities provider’s stock, valued at approximately $386,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barings LLC grew its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 226.6% during the first quarter. Barings LLC now owns 993,886 shares of the utilities provider’s stock worth $8,299,000 after buying an additional 689,593 shares during the last quarter. Van ECK Associates Corp grew its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 108.7% during the 2nd quarter. Van ECK Associates Corp now owns 494,500 shares of the utilities provider’s stock worth $3,180,000 after acquiring an additional 257,613 shares during the last quarter. Beck Bode LLC acquired a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 1st quarter valued at approximately $955,000. American Century Companies Inc. raised its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 7.0% during the second quarter. American Century Companies Inc. now owns 395,550 shares of the utilities provider’s stock valued at $2,543,000 after acquiring an additional 26,010 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the fourth quarter worth $98,000. 6.54% of the stock is currently owned by institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 0.4 %

Shares of NYSE:EBR opened at $6.87 on Friday. The company has a market capitalization of $15.80 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 2.20 and a beta of 1.09. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1 year low of $6.21 and a 1 year high of $9.11. The business’s 50-day moving average is $7.32 and its 200-day moving average is $7.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.35 and a quick ratio of 2.33.

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

Analyst Upgrades and Downgrades

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

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

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.