Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Shares Gap Down to $7.65

Shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $7.65, but opened at $7.49. Centrais Elétricas Brasileiras S.A. - Eletrobrás shares last traded at $7.44, with a volume of 38,193 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "hold" rating to a "buy" rating in a report on Saturday, February 17th.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Trading Down 1.3 %

The business's fifty day moving average is $8.51 and its 200 day moving average is $8.15. The company has a current ratio of 1.76, a quick ratio of 1.75 and a debt-to-equity ratio of 0.44.

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

A number of institutional investors have recently added to or reduced their stakes in EBR. Macquarie Group Ltd. acquired a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás in the second quarter valued at approximately $20,062,000. Goldman Sachs Group Inc. raised its position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás by 509.0% in the second 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. Mackenzie Financial Corp acquired a new position in shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás in the first quarter valued at approximately $5,114,000. Itau Unibanco Holding S.A. increased its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 102.2% during the third quarter. Itau Unibanco Holding S.A. now owns 1,101,685 shares of the utilities provider's stock worth $8,053,000 after purchasing an additional 556,886 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in Centrais Elétricas Brasileiras S.A. - Eletrobrás by 64.9% during the second quarter. Citadel Advisors LLC now owns 803,451 shares of the utilities provider's stock worth $7,127,000 after purchasing an additional 316,345 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 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.