Sumitomo Mitsui Trust Group Inc. Has $523,000 Stock Holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,300 shares of the utilities provider’s stock after selling 10,300 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Beck Bode LLC acquired a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 1st quarter worth about $955,000. First Affirmative Financial Network lifted its holdings in 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 valued at $127,000 after buying an additional 5,065 shares during the period. SG Americas Securities LLC grew its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 18.7% during the second quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider’s stock worth $93,000 after purchasing an additional 2,284 shares during the period. Blue Trust Inc. boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% during the 2nd 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 in the last quarter. Finally, Signaturefd LLC increased its stake in 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 valued at $49,000 after purchasing an additional 4,867 shares in the last quarter. Institutional investors own 6.54% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

NYSE EBR opened at $6.21 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47. The company’s 50 day simple moving average is $6.86 and its two-hundred day simple moving average is $6.98. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1 year low of $6.01 and a 1 year high of $9.11.

Analyst Ratings Changes

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

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.