Natixis Advisors LLC Raises Stock Position in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Natixis Advisors LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 12.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 50,727 shares of the utilities provider’s stock after buying an additional 5,552 shares during the period. Natixis Advisors LLC’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $367,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Metis Global Partners LLC increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% in the 3rd quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider’s stock worth $260,000 after buying an additional 3,934 shares in the last quarter. Van ECK Associates Corp increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1.8% in the 3rd quarter. Van ECK Associates Corp now owns 503,475 shares of the utilities provider’s stock worth $3,358,000 after buying an additional 8,975 shares in the last quarter. Deltec Asset Management LLC increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 9.1% in the 3rd quarter. Deltec Asset Management LLC now owns 120,000 shares of the utilities provider’s stock worth $868,000 after buying an additional 10,000 shares in the last quarter. Signaturefd LLC increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.0% in the 3rd quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider’s stock worth $68,000 after buying an additional 1,685 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 30.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 21,755 shares of the utilities provider’s stock worth $157,000 after buying an additional 5,089 shares in the last quarter. Hedge funds and other institutional investors own 6.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EBR. Hsbc Global Res upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research report on Tuesday, October 15th. StockNews.com upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás stock opened at $6.01 on Friday. The business has a 50-day moving average price of $6.69 and a 200-day moving average price of $6.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a twelve month low of $6.00 and a twelve month high of $9.11.

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.