Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Downgraded by StockNews.com to “Hold”

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

EBR stock opened at $7.39 on Tuesday. The stock has a 50-day moving average price of $6.79 and a 200-day moving average price of $7.58. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 1-year low of $6.21 and a 1-year high of $9.11. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.41. The firm has a market cap of $17.01 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 2.15 and a beta of 1.06.

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

Large investors have recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of 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 period. Signaturefd LLC grew its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% in the 2nd quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider’s stock valued at $49,000 after buying an additional 4,867 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter valued at about $98,000. Barometer Capital Management Inc. acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter valued at about $119,000. Finally, SG Americas Securities LLC grew its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 18.7% in the 2nd quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider’s stock valued at $93,000 after buying an additional 2,284 shares during the period. 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.