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

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

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Down 0.6%

NYSE EBR opened at $7.66 on Tuesday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 52 week low of $5.45 and a 52 week high of $7.83. The stock has a fifty day moving average of $7.28 and a 200-day moving average of $6.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06. The stock has a market capitalization of $17.20 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 4.35 and a beta of 0.75.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last issued its quarterly earnings data on Friday, March 14th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $10.17 billion. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 26.50% and a return on equity of 9.00%. On average, equities research analysts forecast that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 51.8% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,478 shares of the utilities provider’s stock worth $26,000 after buying an additional 1,528 shares during the period. Wealthquest Corp acquired a new position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás during the first quarter worth about $33,000. GAMMA Investing LLC boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 184.3% during the first quarter. GAMMA Investing LLC now owns 4,595 shares of the utilities provider’s stock worth $33,000 after buying an additional 2,979 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás by 124.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,988 shares of the utilities provider’s stock worth $40,000 after buying an additional 3,870 shares during the period. Finally, Barclays PLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 301.9% during the fourth quarter. Barclays PLC now owns 10,047 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 7,547 shares during the last quarter. Institutional investors and hedge funds own 2.64% 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.