Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Rating Increased to Strong-Buy at StockNews.com

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Friday.

Separately, Hsbc Global Res raised shares of 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 Performance

Shares of EBR stock traded down $0.16 during trading hours on Friday, hitting $6.22. The stock had a trading volume of 1,218,255 shares, compared to its average volume of 945,163. The stock's 50-day moving average price is $7.06 and its two-hundred day moving average price is $7.05. 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 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 (NYSE:EBR - Get Free Report) last posted its earnings results on Thursday, August 8th. The utilities provider reported $0.14 EPS 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. As a group, research analysts anticipate that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 EPS for the current year.

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

Institutional investors have recently bought and sold shares of the stock. Beck Bode LLC raised its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 1,444.6% in the second quarter. Beck Bode LLC now owns 1,766,440 shares of the utilities provider's stock worth $11,358,000 after buying an additional 1,652,075 shares during the period. Millennium Management LLC lifted its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 228.9% during 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 last quarter. Barings LLC boosted its stake in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 226.6% during the first quarter. Barings LLC now owns 993,886 shares of the utilities provider's stock valued at $8,299,000 after purchasing an additional 689,593 shares during the period. Van ECK Associates Corp grew its holdings in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 1.8% in the third quarter. Van ECK Associates Corp now owns 503,475 shares of the utilities provider's stock worth $3,358,000 after purchasing an additional 8,975 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in 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 worth $2,543,000 after buying an additional 26,010 shares during the period. 6.54% of the stock is currently 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.

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