Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Trading Up 4.4% – Time to Buy?

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR)’s share price traded up 4.4% on Thursday . The stock traded as high as $5.74 and last traded at $5.73. 1,839,682 shares were traded during mid-day trading, an increase of 83% from the average session volume of 1,006,462 shares. The stock had previously closed at $5.49.

Analyst Upgrades and Downgrades

EBR has been the subject of a number of recent research reports. Hsbc Global Res upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a report on Tuesday, October 15th. StockNews.com upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 3.6 %

The stock’s 50-day moving average price is $6.30 and its 200-day moving average price is $6.79. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 1.90 and a beta of 1.07.

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

A number of institutional investors have recently bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 22.0% in the 3rd quarter. Signaturefd LLC now owns 9,353 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 1,685 shares during the period. SG Americas Securities LLC increased its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 18.7% in the second quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider’s stock worth $93,000 after purchasing an additional 2,284 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% in the third quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock valued at $93,000 after buying an additional 2,642 shares during the period. Metis Global Partners LLC boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 12.3% during the 3rd quarter. Metis Global Partners LLC now owns 36,010 shares of the utilities provider’s stock worth $260,000 after buying an additional 3,934 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% during the 2nd quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider’s stock worth $37,000 after buying an additional 4,019 shares during the period. Institutional investors own 2.64% 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.