Thrivent Financial for Lutherans Sells 3,009 Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Thrivent Financial for Lutherans reduced its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 359,010 shares of the utilities provider’s stock after selling 3,009 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $2,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EBR. Natixis Advisors LLC increased its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% in the 3rd quarter. Natixis Advisors LLC now owns 50,727 shares of the utilities provider’s stock worth $367,000 after buying an additional 5,552 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% in the third quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 3,934 shares during the period. Van ECK Associates Corp grew its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1.8% during the third quarter. Van ECK Associates Corp now owns 503,475 shares of the utilities provider’s stock worth $3,358,000 after purchasing an additional 8,975 shares in the last quarter. Deltec Asset Management LLC raised its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 9.1% during the 3rd quarter. Deltec Asset Management LLC now owns 120,000 shares of the utilities provider’s stock valued at $868,000 after purchasing an additional 10,000 shares during the period. Finally, Signaturefd LLC lifted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.0% in the 3rd quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 1,685 shares in the last quarter. 6.54% of the stock is owned by hedge funds and other institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

NYSE:EBR opened at $6.31 on Wednesday. The business’s 50-day moving average is $6.75 and its 200 day moving average is $6.94. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12 month low of $6.00 and a 12 month high of $9.11.

Wall Street Analysts Forecast Growth

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