SG Americas Securities LLC Invests $156,000 in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

SG Americas Securities LLC purchased a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,051 shares of the utilities provider’s stock, valued at approximately $156,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Macquarie Group Ltd. acquired a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 2nd quarter valued at about $20,062,000. Goldman Sachs Group Inc. boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 509.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,858,261 shares of the utilities provider’s stock valued at $15,368,000 after purchasing an additional 1,553,112 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 102.2% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,101,685 shares of the utilities provider’s stock valued at $8,053,000 after purchasing an additional 556,886 shares during the period. Citadel Advisors LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 64.9% in the 2nd quarter. Citadel Advisors LLC now owns 803,451 shares of the utilities provider’s stock valued at $7,127,000 after purchasing an additional 316,345 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 1st quarter valued at about $5,114,000. Institutional investors and hedge funds own 6.54% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Down 1.3 %

NYSE EBR opened at $7.55 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 1.75. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12-month low of $6.45 and a 12-month high of $9.11. The firm has a 50-day moving average price of $8.51 and a two-hundred day moving average price of $8.15.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating in a report on Saturday, February 17th.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind, and solar plants. It owned and operated 32 hydroelectric plants; As of December 31, 2022, it operated 32 hydroelectric plants; five thermal plants, including coal and gas power generation units with a total installed capacity of 1,482 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts.