Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Position Increased by Beck Bode LLC

Beck Bode LLC raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 1,444.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,766,440 shares of the utilities provider’s stock after purchasing an additional 1,652,075 shares during the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás makes up approximately 2.3% of Beck Bode LLC’s holdings, making the stock its 23rd biggest position. Beck Bode LLC’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $11,358,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Barometer Capital Management Inc. bought a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 4th quarter valued at $119,000. Sivia Capital Partners LLC bought a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás during the fourth quarter valued at about $98,000. Barings LLC raised its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 226.6% in the first quarter. Barings LLC now owns 993,886 shares of the utilities provider’s stock valued at $8,299,000 after purchasing an additional 689,593 shares during the period. First Affirmative Financial Network lifted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 34.3% in the second quarter. First Affirmative Financial Network now owns 19,815 shares of the utilities provider’s stock worth $127,000 after buying an additional 5,065 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of 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 worth $93,000 after buying an additional 2,284 shares during the period. 6.54% of the stock is owned by institutional investors and hedge funds.

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

Centrais Elétricas Brasileiras S.A. – Eletrobrás stock opened at $7.69 on Wednesday. The business’s 50-day simple moving average is $7.20 and its 200-day simple moving average is $7.39. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 52 week low of $6.21 and a 52 week high of $9.11. 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 (NYSE:EBR) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.14 EPS for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 4.18% and a net margin of 13.37%. The company had revenue of $1.61 billion for the quarter. As a group, analysts forecast that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “hold” rating in a 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.