Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Upgraded 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 research report sent to investors on Friday.

Separately, Hsbc Global Res raised 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 Down 2.5 %

EBR stock traded down $0.16 during trading on Friday, hitting $6.22. 1,218,613 shares of the stock traded hands, compared to its average volume of 896,326. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.54. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a one year low of $6.11 and a one year high of $9.11. The company has a 50 day simple moving average of $7.04 and a 200 day simple moving average of $7.05.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last announced its earnings results on Thursday, August 8th. The utilities provider reported $0.14 EPS for the quarter. The business had revenue of $1.61 billion for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 4.18% and a net margin of 13.37%. On average, equities research analysts expect that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás

A number of institutional investors have recently modified their holdings of EBR. Beck Bode LLC raised its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1,444.6% during the second quarter. Beck Bode LLC now owns 1,766,440 shares of the utilities provider’s stock worth $11,358,000 after acquiring an additional 1,652,075 shares during the last quarter. Millennium Management LLC increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 228.9% in the second quarter. Millennium Management LLC now owns 1,580,932 shares of the utilities provider’s stock worth $10,165,000 after purchasing an additional 1,100,233 shares during the period. Barings LLC raised its holdings in 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 worth $8,299,000 after purchasing an additional 689,593 shares during the last quarter. Van ECK Associates Corp lifted its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1.8% during the 3rd quarter. Van ECK Associates Corp now owns 503,475 shares of the utilities provider’s stock valued at $3,358,000 after purchasing an additional 8,975 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 7.0% in the 2nd quarter. American Century Companies Inc. now owns 395,550 shares of the utilities provider’s stock valued at $2,543,000 after purchasing an additional 26,010 shares during the last quarter. 6.54% of the stock is owned by institutional investors.

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.