Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) from a hold rating to a buy rating in a research note published on Monday.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

Centrais Elétricas Brasileiras S.A. – Eletrobrás stock traded up $0.07 during mid-day trading on Monday, hitting $6.65. 690,833 shares of the company’s stock were exchanged, compared to its average volume of 993,277. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1-year low of $6.21 and a 1-year high of $9.11. The stock has a 50 day moving average of $6.76 and a two-hundred day moving average of $7.64. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.41.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last issued its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.03 EPS for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 4.18% and a net margin of 12.98%. The business had revenue of $1.76 billion for the quarter. On average, equities analysts expect that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 18.7% during the second quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,284 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 19,578 shares of the utilities provider’s stock valued at $169,000 after purchasing an additional 3,640 shares during the period. Blue Trust Inc. grew its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% in the 2nd quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider’s stock valued at $37,000 after buying an additional 4,019 shares during the last quarter. Cerity Partners LLC increased its position in 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 buying an additional 4,491 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% during the second quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider’s stock worth $49,000 after buying an additional 4,867 shares during the last quarter. 6.54% of the stock is currently owned by institutional investors and hedge funds.

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.