CENTRAIS ELETRI/S (NYSE:EBR) Shares Bought by BlackRock Inc.

BlackRock Inc. grew its holdings in shares of CENTRAIS ELETRI/S (NYSE:EBR) by 1.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 702,461 shares of the utilities provider’s stock after acquiring an additional 12,563 shares during the quarter. BlackRock Inc. owned about 0.05% of CENTRAIS ELETRI/S worth $6,407,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in CENTRAIS ELETRI/S during the 2nd quarter worth $36,000. Wrapmanager Inc. acquired a new position in CENTRAIS ELETRI/S during the 2nd quarter worth $101,000. F3Logic LLC acquired a new position in CENTRAIS ELETRI/S during the 2nd quarter worth $105,000. FDx Advisors Inc. boosted its position in CENTRAIS ELETRI/S by 5.3% during the 2nd quarter. FDx Advisors Inc. now owns 20,592 shares of the utilities provider’s stock worth $188,000 after acquiring an additional 1,041 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in CENTRAIS ELETRI/S by 75.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 64,700 shares of the utilities provider’s stock worth $590,000 after acquiring an additional 27,789 shares during the period. Institutional investors own 0.72% of the company’s stock.

EBR opened at $9.15 on Wednesday. CENTRAIS ELETRI/S has a one year low of $5.56 and a one year high of $11.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 1.44. The stock’s fifty day moving average is $9.71 and its 200-day moving average is $9.41.

Separately, ValuEngine downgraded CENTRAIS ELETRI/S from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.

About CENTRAIS ELETRI/S

Centrais Elétricas Brasileiras SA – Eletrobras, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through thermal, nuclear, wind, and hydroelectric plants. As of December 31, 2017, it owned and operated 44 hydroelectric plants and held interests in various other plants with a total installed capacity of 42,350 Megawatts (MW); 112 thermal plants, including coal, and oil and gas power generation units with an installed capacity of 2,646 MW; and 2 nuclear power plants with an installed capacity of 1,990 MW.

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Institutional Ownership by Quarter for CENTRAIS ELETRI/S (NYSE:EBR)

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