Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Shares Gap Down to $7.65

Shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) gapped down before the market opened on Monday . The stock had previously closed at $7.65, but opened at $7.49. Centrais Elétricas Brasileiras S.A. – Eletrobrás shares last traded at $7.44, with a volume of 38,193 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating in a report on Saturday, February 17th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

The company has a current ratio of 1.76, a quick ratio of 1.75 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $8.48 and its two-hundred day simple moving average is $8.15.

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

Several institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. grew its position 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 buying an additional 1,611 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 13.9% in the first quarter. Envestnet Asset Management Inc. now owns 13,966 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 1,699 shares during the last quarter. Metis Global Partners LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 6.1% in the third quarter. Metis Global Partners LLC now owns 29,791 shares of the utilities provider’s stock valued at $218,000 after acquiring an additional 1,710 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 6.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,770 shares of the utilities provider’s stock valued at $235,000 after purchasing an additional 1,737 shares during the period. Finally, Citigroup Inc. raised its holdings in 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 own 6.54% 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.