Natixis Advisors LLC Acquires 5,552 Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Natixis Advisors LLC lifted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 12.3% in the third quarter, Holdings Channel reports. The fund owned 50,727 shares of the utilities provider’s stock after purchasing an additional 5,552 shares during the quarter. Natixis Advisors LLC’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $367,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EBR. First Affirmative Financial Network lifted 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 valued at $127,000 after acquiring an additional 5,065 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 18.7% in the 2nd quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,284 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% in the 2nd quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 4,019 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% in the 2nd 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 during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 108.7% in the 2nd quarter. Van ECK Associates Corp now owns 494,500 shares of the utilities provider’s stock valued at $3,180,000 after acquiring an additional 257,613 shares during the last quarter. Institutional investors own 6.54% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

Shares of NYSE EBR opened at $6.01 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1 year low of $6.00 and a 1 year high of $9.11. The firm has a 50-day simple moving average of $6.69 and a two-hundred day simple moving average of $6.92.

Wall Street Analysts Forecast Growth

EBR has been the subject of several analyst reports. Hsbc Global Res raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research note on Tuesday, October 15th. StockNews.com raised shares of 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.