Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Upgraded at StockNews.com

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

Centrais Elétricas Brasileiras S.A. – Eletrobrás stock traded up $0.21 on Monday, hitting $7.08. The company’s stock had a trading volume of 501,597 shares, compared to its average volume of 1,307,554. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a one year low of $5.67 and a one year high of $10.39. The firm has a market cap of $16.28 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80. The company has a quick ratio of 1.45, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average price of $7.57 and a 200-day moving average price of $7.19.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EBR. Advisor Group Holdings Inc. grew its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 49.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 4,898 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 1,611 shares during the period. Tyler Stone Wealth Management bought a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the second quarter valued at $41,000. Tower Research Capital LLC TRC raised its stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 462.9% during the third quarter. Tower Research Capital LLC TRC now owns 5,764 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 4,740 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the fourth quarter valued at $46,000. Finally, Citigroup Inc. boosted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 33.0% in the 1st quarter. Citigroup Inc. now owns 7,961 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,976 shares in the last quarter. Institutional investors and hedge funds own 1.11% of the company’s stock.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind, and solar plants. It owned and operated 32 hydroelectric plants; As of December 31, 2022, it operated 32 hydroelectric plants; five thermal plants, including coal and gas power generation units with a total installed capacity of 1,482 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts.