Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 285.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,766 shares of the utilities provider’s stock after acquiring an additional 91,643 shares during the quarter. Quantbot Technologies LP’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $708,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EBR. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 255,183 shares of the utilities provider’s stock valued at $1,460,000 after purchasing an additional 4,308 shares during the period. Natixis Advisors LLC increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% in the third quarter. Natixis Advisors LLC now owns 50,727 shares of the utilities provider’s stock valued at $367,000 after buying an additional 5,552 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 55.6% during the 3rd quarter. Quantinno Capital Management LP now owns 21,938 shares of the utilities provider’s stock valued at $159,000 after acquiring an additional 7,843 shares during the period. First Affirmative Financial Network boosted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 39.7% during the 4th quarter. First Affirmative Financial Network now owns 39,299 shares of the utilities provider’s stock worth $225,000 after acquiring an additional 11,177 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 42.4% in the 3rd quarter. Jane Street Group LLC now owns 62,646 shares of the utilities provider’s stock worth $453,000 after acquiring an additional 18,639 shares during the period. Institutional investors and hedge funds own 2.64% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

NYSE EBR opened at $7.31 on Thursday. The business has a 50 day moving average price of $6.51 and a 200 day moving average price of $6.45. The company has a market capitalization of $16.41 billion, a P/E ratio of 8.91, a PEG ratio of 4.35 and a beta of 1.00. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1-year low of $5.45 and a 1-year high of $8.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last announced its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $10.17 billion. Sell-side analysts expect that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current fiscal year.

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.