Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 600,000 Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 600,000 shares of the utilities provider's stock, valued at approximately $4,338,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EBR. Blue Trust Inc. lifted its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 232.4% during the 2nd quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider's stock worth $37,000 after purchasing 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 2nd quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider's stock valued at $49,000 after buying an additional 4,867 shares in the last quarter. SG Americas Securities LLC grew its position 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 worth $93,000 after buying an additional 2,284 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 26.0% during the 3rd 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 in the last quarter. Finally, First Affirmative Financial Network lifted its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 34.3% during the second 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. 6.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EBR has been the topic of several analyst reports. Hsbc Global Res raised shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás to a "strong-buy" rating in a 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 report on Friday, November 8th.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Stock Down 5.0 %

Shares of EBR traded down $0.30 during mid-day trading on Friday, hitting $5.71. 1,426,367 shares of the company traded hands, compared to its average volume of 1,067,403. The business has a 50 day moving average of $6.62 and a 200 day moving average of $6.90. The company has a market capitalization of $13.14 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a 1-year low of $5.55 and a 1-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 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.