Mirae Asset Global Investments Co. Ltd. Has $2.68 Million Stock Holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 311,393 shares of the utilities provider’s stock after selling 21,284 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $2,684,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Alpine Global Management LLC bought a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 3rd quarter valued at $249,000. O Shaughnessy Asset Management LLC lifted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 35.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 28,699 shares of the utilities provider’s stock valued at $210,000 after acquiring an additional 7,537 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 81.4% in the 3rd quarter. Citigroup Inc. now owns 13,672 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 6,135 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 102.2% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,101,685 shares of the utilities provider’s stock valued at $8,053,000 after acquiring an additional 556,886 shares during the last quarter. Finally, Schechter Investment Advisors LLC bought a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 3rd quarter valued at $77,000. Institutional investors and hedge funds own 6.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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 Price Performance

Shares of NYSE:EBR opened at $7.25 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.76 and a debt-to-equity ratio of 0.44. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12-month low of $6.45 and a 12-month high of $9.11. The business has a fifty day simple moving average of $8.43 and a 200 day simple moving average of $8.14.

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.