Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Rating Increased to Strong-Buy at Hsbc Global Res

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) was upgraded by stock analysts at Hsbc Global Res to a “strong-buy” rating in a report issued on Tuesday, Zacks.com reports.

Separately, StockNews.com raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating in a research report on Monday, September 23rd.

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

Centrais Elétricas Brasileiras S.A. – Eletrobrás stock opened at $6.70 on Tuesday. The company has a quick ratio of 2.33, a current ratio of 2.35 and a debt-to-equity ratio of 0.54. The firm has a market cap of $15.41 billion, a P/E ratio of 8.47, a P/E/G ratio of 2.11 and a beta of 1.09. The business has a fifty day moving average of $7.32 and a two-hundred day moving average of $7.17. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a twelve month low of $6.21 and a twelve month high of $9.11.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.14 earnings per share for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 4.18% and a net margin of 13.37%. The firm had revenue of $1.61 billion during the quarter. On average, analysts forecast that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barings LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 226.6% in the first 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 in the last quarter. Beck Bode LLC acquired a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 1st quarter valued at approximately $955,000. First Affirmative Financial Network raised its holdings in shares of 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 buying an additional 5,065 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of 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 worth $93,000 after buying an additional 2,284 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% during the second 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. 6.54% of the stock is currently owned by hedge funds and other institutional investors.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

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.