Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) from a buy rating to a strong-buy rating in a report released on Friday.

Separately, Hsbc Global Res upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research note on Tuesday, October 15th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 1.0 %

EBR opened at $6.28 on Friday. The company has a 50 day moving average of $7.02 and a 200 day moving average of $7.04. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12 month low of $6.11 and a 12 month high of $9.11. The company has a quick ratio of 2.33, a current ratio of 2.35 and a debt-to-equity ratio of 0.54.

Institutional Trading of Centrais Elétricas Brasileiras S.A. – Eletrobrás

Several institutional investors and hedge funds have recently made changes to their positions in EBR. Barings LLC raised its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 226.6% during the 1st quarter. Barings LLC now owns 993,886 shares of the utilities provider’s stock valued at $8,299,000 after buying an additional 689,593 shares in the last quarter. Beck Bode LLC purchased a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 1st quarter worth $955,000. First Affirmative Financial Network lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 34.3% in the second quarter. First Affirmative Financial Network now owns 19,815 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 5,065 shares during the last quarter. SG Americas Securities LLC lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 18.7% in the second quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider’s stock worth $93,000 after purchasing an additional 2,284 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% in the second quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 4,019 shares during the last quarter. Hedge funds and other institutional investors own 6.54% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

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.