Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) to a strong-buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

Separately, StockNews.com raised shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “hold” rating to a “buy” rating in a research report on Monday, September 23rd.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Trading Down 1.0 %

Shares of EBR opened at $6.70 on Tuesday. The firm has a market capitalization of $15.41 billion, a P/E ratio of 8.47, a PEG ratio of 2.11 and a beta of 1.09. The company has a current ratio of 2.35, a quick ratio of 2.33 and a debt-to-equity ratio of 0.54. The firm’s 50-day moving average is $7.32 and its two-hundred day moving average is $7.17. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a twelve month low of $6.21 and a twelve month high of $9.11.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last announced its earnings results on Thursday, August 8th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $1.61 billion during the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 13.37% and a return on equity of 4.18%. On average, research analysts predict that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current fiscal year.

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

A number of hedge funds have recently made changes to their positions in the company. Kapitalo Investimentos Ltda purchased a new stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the third quarter valued at approximately $1,600,000. Creative Planning increased its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 93.2% in the third quarter. Creative Planning now owns 55,849 shares of the utilities provider’s stock worth $404,000 after buying an additional 26,938 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 26.0% in the third quarter. Sivia Capital Partners LLC now owns 12,798 shares of the utilities provider’s stock worth $93,000 after buying an additional 2,642 shares during the last quarter. First Affirmative Financial Network increased its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 41.9% in the third quarter. First Affirmative Financial Network now owns 28,122 shares of the utilities provider’s stock worth $203,000 after buying an additional 8,307 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its stake in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 41.3% in the third quarter. Atomi Financial Group Inc. now owns 32,264 shares of the utilities provider’s stock worth $233,000 after buying an additional 9,437 shares during the last quarter. Hedge funds and other institutional investors own 6.54% of the company’s stock.

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.