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

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

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 0.3 %

EBR stock opened at $7.35 on Tuesday. The stock has a market capitalization of $16.91 billion, a P/E ratio of 13.18, a price-to-earnings-growth ratio of 2.92 and a beta of 0.80. The company has a current ratio of 1.47, a quick ratio of 1.45 and a debt-to-equity ratio of 0.38. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12 month low of $5.67 and a 12 month high of $10.39. The firm has a 50-day moving average price of $7.49 and a 200-day moving average price of $7.22.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 509.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,858,261 shares of the utilities provider’s stock valued at $15,368,000 after buying an additional 1,553,112 shares during the last quarter. Tyler Stone Wealth Management bought a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 2nd quarter valued at approximately $41,000. Itau Unibanco Holding S.A. bought a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the 2nd quarter valued at approximately $4,505,000. Tower Research Capital LLC TRC raised its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 53.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 28,441 shares of the utilities provider’s stock valued at $235,000 after buying an additional 9,895 shares during the last quarter. Finally, Banco BTG Pactual S.A. increased its position in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 365.9% during the 2nd quarter. Banco BTG Pactual S.A. now owns 146,977 shares of the utilities provider’s stock valued at $1,216,000 after purchasing an additional 115,431 shares during the period. Institutional investors own 1.11% 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 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.