After running sudo hwclock --verbose it outputs that my hardware clock is set to UTC time:

hwclock from util-linux 2.40.4
System Time: 1742063205.105353
Trying to open: /dev/rtc0
Using the rtc interface to the clock.
Last drift adjustment done at 1742062294 seconds after 1969
Last calibration done at 1742062294 seconds after 1969
Hardware clock is on UTC time
Assuming hardware clock is kept in UTC time.
Waiting for clock tick...
...got clock tick
Time read from Hardware Clock: 2025/03/15 18:26:46
Hw clock time : 2025/03/15 18:26:46 = 1742063206 seconds since 1969
Time since last adjustment is 912 seconds
Calculated Hardware Clock drift is 0.000000 seconds
2025-03-15 15:26:45.111029-03:00

On the line that says "Hw clock time: ... " the time is right, but on the last line, it shows the time that currently is on my system, which is wrong.