Metis Global Partners LLC Purchases 3,934 Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Metis Global Partners LLC lifted its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 12.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,010 shares of the utilities provider’s stock after buying an additional 3,934 shares during the period. Metis Global Partners LLC’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $260,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EBR. Blue Trust Inc. boosted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% in the second 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 in the last quarter. Signaturefd LLC boosted its position 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 worth $49,000 after purchasing an additional 4,867 shares in the last quarter. SG Americas Securities LLC boosted 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 purchasing an additional 2,284 shares in the last quarter. Sivia Capital Partners LLC grew its stake in 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 buying an additional 2,642 shares during the last quarter. Finally, First Affirmative Financial Network increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 34.3% during the 2nd quarter. First Affirmative Financial Network now owns 19,815 shares of the utilities provider’s stock valued at $127,000 after buying an additional 5,065 shares in the last quarter. Institutional investors own 6.54% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

Shares of EBR opened at $6.21 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04. The company’s fifty day moving average price is $6.86 and its 200-day moving average price is $6.98. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1-year low of $6.01 and a 1-year high of $9.11.

Wall Street Analyst Weigh In

EBR has been the subject of several recent analyst reports. Hsbc Global Res raised Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a 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 research note on Friday, November 8th.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

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.