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

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

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

Centrais Elétricas Brasileiras S.A. – Eletrobrás stock opened at $7.43 on Friday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 52 week low of $6.21 and a 52 week high of $9.11. The business has a 50-day simple moving average of $7.01 and a 200 day simple moving average of $7.51. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 0.41. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 2.15 and a beta of 1.06.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) 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 12.98%. The business had revenue of $1.61 billion during the quarter. On average, research analysts forecast that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Centrais Elétricas Brasileiras S.A. – Eletrobrás

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 232.4% in the 2nd quarter. Blue Trust Inc. now owns 5,748 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 4,019 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 173.8% in the 2nd quarter. Signaturefd LLC now owns 7,668 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 4,867 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter valued at about $98,000. Barometer Capital Management Inc. bought a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 4th quarter valued at about $119,000. Finally, SG Americas Securities LLC lifted its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 18.7% in the 2nd quarter. SG Americas Securities LLC now owns 14,516 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 2,284 shares during the last quarter. 6.54% of the stock is currently owned by hedge funds and other 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.