Thrivent Financial for Lutherans Acquires 97,166 Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Thrivent Financial for Lutherans raised its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 36.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 362,019 shares of the utilities provider’s stock after acquiring an additional 97,166 shares during the period. Thrivent Financial for Lutherans’ holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $2,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in 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 acquiring an additional 4,019 shares during the last quarter. Signaturefd LLC raised 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 acquiring an additional 4,867 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter valued at about $98,000. Barometer Capital Management Inc. acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter valued at about $119,000. Finally, SG Americas Securities LLC boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 18.7% during the 2nd quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider’s stock valued at $93,000 after purchasing an additional 2,284 shares in the last quarter. Institutional investors own 6.54% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating in a report on Monday, September 23rd.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Down 0.9 %

Centrais Elétricas Brasileiras S.A. – Eletrobrás stock opened at $7.22 on Tuesday. The company has a market capitalization of $16.60 billion, a PE ratio of 9.13, a PEG ratio of 2.20 and a beta of 1.08. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12-month low of $6.21 and a 12-month high of $9.11. The firm’s fifty day moving average is $7.28 and its 200 day moving average is $7.30. The company has a quick ratio of 2.33, a current ratio of 2.35 and a debt-to-equity ratio of 0.54.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.14 earnings per share for the quarter. The firm had revenue of $1.61 billion for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 13.37% and a return on equity of 4.18%. As a group, sell-side analysts predict that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current fiscal year.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company 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.