Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Stock Holdings Lifted by Beck Bode LLC

Beck Bode LLC lifted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 1,444.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,766,440 shares of the utilities provider’s stock after acquiring an additional 1,652,075 shares during the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás accounts for 2.3% of Beck Bode LLC’s portfolio, making the stock its 23rd largest holding. Beck Bode LLC owned 0.08% of Centrais Elétricas Brasileiras S.A. – Eletrobrás worth $11,358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 108.7% during the second quarter. Van ECK Associates Corp now owns 494,500 shares of the utilities provider’s stock valued at $3,180,000 after purchasing an additional 257,613 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% in the second quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider’s stock worth $37,000 after buying an additional 4,019 shares during the period. Signaturefd LLC boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% in the second quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider’s stock worth $49,000 after buying an additional 4,867 shares during the period. SG Americas Securities LLC increased its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 18.7% in the second quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 2,284 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the fourth quarter valued at approximately $98,000. 6.54% of the stock is currently owned by institutional investors and hedge funds.

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

NYSE:EBR opened at $7.69 on Wednesday. The business’s fifty day moving average price is $7.20 and its 200 day moving average price is $7.39. 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 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 issued its earnings results on Thursday, August 8th. The utilities provider reported $0.14 earnings per share for the quarter. The company had revenue of $1.61 billion for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 4.18% and a net margin of 13.37%. As a group, equities research analysts expect that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st.

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.