Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBRFree Report) from a buy rating to a hold rating in a research note published on Friday morning.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Up 2.5 %

Centrais Elétricas Brasileiras S.A. – Eletrobrás stock opened at $8.80 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.86 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average price is $8.48 and its two-hundred day moving average price is $7.77. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a twelve month low of $5.67 and a twelve month high of $8.99.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. increased its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 49.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,898 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 1,611 shares during the last quarter. Tyler Stone Wealth Management acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 2nd quarter worth $41,000. Tower Research Capital LLC TRC increased its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 462.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,764 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 4,740 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the 4th quarter worth $46,000. Finally, Citigroup Inc. increased its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 33.0% during the 1st quarter. Citigroup Inc. now owns 7,961 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,976 shares during the last quarter. Institutional investors and hedge funds own 1.11% of the company’s stock.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Centrais Elétricas Brasileiras S.A. - Eletrobrás Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrais Elétricas Brasileiras S.A. - Eletrobrás and related companies with MarketBeat.com's FREE daily email newsletter.