Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 22.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,578 shares of the utilities provider’s stock after buying an additional 3,640 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $169,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EBR. Deltec Asset Management LLC raised its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 4.8% in the 4th quarter. Deltec Asset Management LLC now owns 110,000 shares of the utilities provider’s stock worth $948,000 after buying an additional 5,000 shares in the last quarter. SG Americas Securities LLC acquired a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás during the fourth quarter worth about $156,000. First Affirmative Financial Network raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 17.0% in the fourth quarter. First Affirmative Financial Network now owns 13,642 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 1,978 shares in the last quarter. Citigroup Inc. lifted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 81.4% in the 3rd quarter. Citigroup Inc. now owns 13,672 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 6,135 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.6% during the 3rd quarter. American Century Companies Inc. now owns 307,459 shares of the utilities provider’s stock valued at $2,248,000 after purchasing an additional 34,503 shares in the last quarter. 6.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

Shares of NYSE:EBR opened at $7.34 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.75 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average of $8.40 and a 200-day moving average of $8.15. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a one year low of $6.45 and a one year high of $9.11.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Profile

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.