Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Sees Large Volume Increase

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) saw strong trading volume on Tuesday . 1,668,070 shares changed hands during mid-day trading, an increase of 87% from the previous session’s volume of 893,548 shares.The stock last traded at $7.35 and had previously closed at $7.55.

Wall Street Analyst Weigh In

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

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Down 0.7 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 1.75. The firm has a 50-day moving average of $8.45 and a two-hundred day moving average of $8.14.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 49.0% during the first quarter. Advisor Group Holdings Inc. now owns 4,898 shares of the utilities provider’s stock worth $39,000 after buying an additional 1,611 shares during the period. Tyler Stone Wealth Management acquired a new stake in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the second quarter valued at $41,000. Tower Research Capital LLC TRC increased its position in shares of 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 purchasing an additional 4,740 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the fourth quarter worth about $46,000. Finally, Citigroup Inc. increased its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 33.0% during the first quarter. Citigroup Inc. now owns 7,961 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 1,976 shares in the last quarter. 6.54% of the stock is currently owned by hedge funds and other institutional investors.

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.