BlackRock Advisors has recently announced that it has increased stake in Centrais Eletricas Brasileiras S.A. (NYSE:EBR) by 40.61%. After grabbing 8.19 million shares, the institutional investor is now in possession of 2.37 million shares of the Utilities Company. The new investment brought the stake of investor firm to 0.41% having worth around $78.39 million. Moreover, BlackRock Fund Advisors increased its share by 1.56 million to have a control over 6.82 million shares. And Macquarie Investment Management B raised its holdings to 2.26 million shares by acquiring 2.26 million shares or 0.11% of the stake.
Centrais Eletricas Brasileiras S.A. (EBR) concluded trading on 11/17/22 at a closing price of $8.01, with 3.67 million shares of worth about $29.38 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.30% during that period and on Thursday the price saw a loss of about -0.50%. Currently the company’s common shares owned by public are about 2.02B shares, out of which, 2.02B shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the EBR stock and their offered price forecasts bring an average price target of $12.89. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $13.75 and could fall to a lowest price of $11.57. The stock’s current price level is 31.54% above of average price target set by the analysts, while a rise to estimated low would result in gain of 30.77% for the stock. However, touching the estimated high of $13.75 would mean a gain of 41.75% for the stock.
Delaware Emerging Markets Fund, azValor Internacional, FI, and iShares Tr. – Global Infrastructu are the top 3 mutual funds which are holding stakes in Centrais Eletricas Brasileiras S.A. Delaware Emerging Markets Fund is currently holding 2.26 million shares of worth totaling $21.65 million. The company recently came buying 2.26 million shares which brought its stake up to 0.11% of the company’s outstanding shares. azValor Internacional, FI bought 0.91 million shares, after which its hold over company’s outstanding shares expand to 0.10%, leaving 1.96 million shares with the mutual fund that have a worth of about $18.76 million. iShares Tr. – Global Infrastructu, after buying 1.88 million shares, have now control over 0.09% of the stake in the company. It holds 0.0 shares of worth $18.03 million.
Centrais Eletricas Brasileiras S.A. (NYSE: EBR) started trading at $7.72, below -$0.33 from concluding price of the previous day. However, the stock later moved at a day high price of 8.06, or with a loss of -0.50%. Stock saw a price change of -3.84% in past 5 days and over the past one month there was a price change of -11.49%. Year-to-date (YTD), EBR shares are showing a performance of 31.53% which increased to 35.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.16 but also hit the highest price of $10.39 during that period. The average intraday trading volume for Centrais Eletricas Brasileiras S.A. shares is 2.47 million. The stock is currently trading -11.76% below its 20-day simple moving average (SMA20), while that difference is down -8.96% for SMA50 and it goes to -3.67% lower than SMA200.
BlackRock Advisors acquired 8.19 million shares of Centrais Eletricas Brasileiras S.A. having value of about $78.39 million. Data submitted at the U.S SEC by BlackRock Advisors revealed that the firm now holds 2.37 million shares in the company valued at close to $18949857.75, or have control over 40.61% stake in the company. Centrais Eletricas Brasileiras S.A. (NYSE: EBR) currently have 2.02B outstanding shares and institutions hold larger chunk of about 1.86% of that. Holding of mutual funds in the company is about 0.86% while other institutional holders and individual stake holders have control over 0.86% and — of the stake respectively.
The stock has a current market capitalization of $18.76B. PE ratio of stock for trailing 12 months is 18.20, while it has posted earnings per share of $0.44 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EBR, volatility over the week remained 3.98% while standing at 4.38% over the month.
Analysts are in expectations that Centrais Eletricas Brasileiras S.A. (EBR) stock would likely to be making an EPS of $0.04 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.83 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.04 which is $0.04 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -37.20% while it is estimated to increase by 69.40% in next year.
Analysts at 9 brokerage firms have issued recommendations for the Centrais Eletricas Brasileiras S.A. (EBR)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 9 Wall Street analysts, 9 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.