Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Reaches New 1-Year Low – Should You Sell?

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) reached a new 52-week low during trading on Friday . The stock traded as low as $6.20 and last traded at $6.20, with a volume of 13879 shares changing hands. The stock had previously closed at $6.38.

Wall Street Analyst Weigh In

EBR has been the topic of several research reports. StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a report on Friday. Hsbc Global Res upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research note on Tuesday, October 15th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Performance

The business’s 50 day moving average price is $7.04 and its 200-day moving average price is $7.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.33 and a current ratio of 2.35.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last posted its quarterly earnings data 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 for the quarter. Centrais Elétricas Brasileiras S.A. – Eletrobrás had a net margin of 13.37% and a return on equity of 4.18%. Equities research analysts predict that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 EPS for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Beck Bode LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 1,444.6% in the second quarter. Beck Bode LLC now owns 1,766,440 shares of the utilities provider’s stock worth $11,358,000 after purchasing an additional 1,652,075 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 30.5% in the third quarter. Sequoia Financial Advisors LLC now owns 21,755 shares of the utilities provider’s stock worth $157,000 after purchasing an additional 5,089 shares during the period. Kapitalo Investimentos Ltda acquired a new position in Centrais Elétricas Brasileiras S.A. – Eletrobrás in the third quarter worth $1,600,000. Van ECK Associates Corp boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 108.7% in the second quarter. Van ECK Associates Corp now owns 494,500 shares of the utilities provider’s stock worth $3,180,000 after purchasing an additional 257,613 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Centrais Elétricas Brasileiras S.A. – Eletrobrás by 36.7% in the second quarter. Thrivent Financial for Lutherans now owns 362,019 shares of the utilities provider’s stock worth $2,328,000 after purchasing an additional 97,166 shares during the period. Institutional investors own 6.54% of the company’s stock.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

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.