AQR Capital Management LLC Acquires 8,878 Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

AQR Capital Management LLC grew its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 14.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,414 shares of the utilities provider’s stock after buying an additional 8,878 shares during the quarter. AQR Capital Management LLC’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $459,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EBR. Blue Trust Inc. grew its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% during the second quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider’s stock worth $37,000 after buying an additional 4,019 shares during the last quarter. Signaturefd LLC increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% during the 2nd quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 4,867 shares in the last quarter. SG Americas Securities LLC increased its holdings in 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. First Affirmative Financial Network raised its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 34.3% in the 2nd quarter. First Affirmative Financial Network now owns 19,815 shares of the utilities provider’s stock valued at $127,000 after purchasing an additional 5,065 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the second quarter worth $386,000. 6.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 Price Performance

Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás stock opened at $6.84 on Wednesday. The business has a fifty day simple moving average of $7.33 and a 200 day simple moving average of $7.19. 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 has a 12 month low of $6.21 and a 12 month high of $9.11.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 13.37% and a return on equity of 4.18%. The firm had revenue of $1.61 billion during the quarter. Sell-side analysts predict 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.