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

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 issued to investors on Monday.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Up 1.1 %

NYSE:EBR traded up $0.07 on Monday, hitting $6.65. 690,833 shares of the company’s stock were exchanged, compared to its average volume of 993,277. The firm has a 50-day moving average price of $6.76 and a 200-day moving average price 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 has a 52 week low of $6.21 and a 52 week high of $9.11.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last released its earnings results on Thursday, May 9th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $1.76 billion for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 4.18% and a net margin of 12.98%. Equities research analysts anticipate that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in the company. Barings LLC increased its holdings 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 worth $8,299,000 after acquiring an additional 689,593 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 108.7% in the second quarter. Van ECK Associates Corp now owns 494,500 shares of the utilities provider’s stock valued at $3,180,000 after purchasing an additional 257,613 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 32.6% in the fourth quarter. Mackenzie Financial Corp now owns 371,263 shares of the utilities provider’s stock valued at $3,200,000 after purchasing an additional 91,177 shares during the period. Beck Bode LLC acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 1st quarter worth about $955,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 4th quarter worth about $200,000. Institutional investors and hedge funds 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.