Mackenzie Financial Corp Raises Stock Holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)

Mackenzie Financial Corp boosted its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) by 32.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 371,263 shares of the utilities provider’s stock after purchasing an additional 91,177 shares during the quarter. Mackenzie Financial Corp’s holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás were worth $3,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Schechter Investment Advisors LLC purchased a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 3rd quarter worth approximately $77,000. Citigroup Inc. grew its stake in shares of 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 acquiring an additional 6,135 shares during the last quarter. First Affirmative Financial Network increased its holdings in shares of 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 valued at $118,000 after acquiring an additional 1,978 shares in the last quarter. Cerity Partners LLC raised its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 42.2% in the 4th quarter. Cerity Partners LLC now owns 15,132 shares of the utilities provider’s stock worth $130,000 after purchasing an additional 4,491 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter worth about $156,000. Hedge funds and other institutional investors own 6.54% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

Shares of NYSE EBR opened at $7.34 on Tuesday. The company has a 50 day moving average of $8.37 and a 200 day moving average of $8.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.75 and a current ratio of 1.76. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a twelve month low of $6.45 and a twelve month high of $9.11.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating in a research note 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.