Cerity Partners LLC Has $130,000 Position in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Cerity Partners LLC increased its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 42.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,132 shares of the utilities provider’s stock after buying an additional 4,491 shares during the quarter. Cerity Partners LLC’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EBR. Schechter Investment Advisors LLC acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 3rd quarter worth approximately $77,000. Citigroup Inc. lifted its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 81.4% in the third quarter. Citigroup Inc. now owns 13,672 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 6,135 shares during the period. First Affirmative Financial Network boosted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 17.0% during the fourth quarter. First Affirmative Financial Network now owns 13,642 shares of the utilities provider’s stock worth $118,000 after buying an additional 1,978 shares in the last quarter. SG Americas Securities LLC bought a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter valued at $156,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 19,578 shares of the utilities provider’s stock valued at $169,000 after buying an additional 3,640 shares in the last quarter. 6.54% of the stock is currently owned by institutional investors.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Down 1.0 %

NYSE EBR opened at $7.36 on Wednesday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1-year low of $6.45 and a 1-year high of $9.11. The stock’s 50 day moving average is $8.24 and its two-hundred day moving average is $8.17. The company has a quick ratio of 1.75, a current ratio of 1.76 and a debt-to-equity ratio of 0.44.

Analysts Set New Price Targets

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

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company 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.