Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Sumitomo Mitsui Trust Group Inc. trimmed 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 & Exchange Commission. The fund 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 SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EBR. Blue Trust Inc. increased its stake 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 last quarter. 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 valued at $49,000 after acquiring an additional 4,867 shares in the last quarter. SG Americas Securities LLC increased its position 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 valued at $93,000 after purchasing an additional 2,284 shares during the period. Sivia Capital Partners LLC grew its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% during the third quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 2,642 shares during the period. Finally, First Affirmative Financial Network raised its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 34.3% in the 2nd quarter. First Affirmative Financial Network now owns 19,815 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 5,065 shares in the last quarter. Institutional investors and hedge funds own 6.54% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás stock opened at $6.21 on Wednesday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12 month low of $6.01 and a 12 month high of $9.11. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $6.86 and its 200 day simple moving average is $6.98.

Wall Street Analyst Weigh In

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

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.