Key Points
- Insider Nascimento Rodrigo Limp sold 15,000 shares of AXIA on April 15 at an average price of $12.65 for a total of $189,750, reducing his stake by 11.05% to 120,775 shares (about $1.53M); the sale was disclosed in an SEC filing.
- Brazilian Electric Power (AXIA) opened at $12.82, trades in a 1‑year range of $6.71–$13.54 with a market cap of $28.84B, P/E of 19.83 and debt/equity of 0.52, and carries a consensus analyst rating of Hold despite a recent upgrade to Buy from Wall Street Zen.
Brazilian Electric Power Co (NYSE:AXIA - Get Free Report) insider Nascimento Rodrigo Limp sold 15,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $12.65, for a total value of $189,750.00. Following the transaction, the insider directly owned 120,775 shares of the company's stock, valued at approximately $1,527,803.75. This trade represents a 11.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Brazilian Electric Power Stock Performance
Brazilian Electric Power stock opened at $12.82 on Friday. Brazilian Electric Power Co has a 1-year low of $6.71 and a 1-year high of $13.54. The company has a market capitalization of $28.84 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.88 and a beta of 0.53. The company has a current ratio of 1.68, a quick ratio of 1.67 and a debt-to-equity ratio of 0.52.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on AXIA. Weiss Ratings initiated coverage on shares of Brazilian Electric Power in a report on Tuesday, April 7th. They issued a "hold (c)" rating for the company. Wall Street Zen raised shares of Brazilian Electric Power from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Brazilian Electric Power has a consensus rating of "Hold".
Check Out Our Latest Stock Analysis on Brazilian Electric Power
Brazilian Electric Power Company Profile
(
Get Free Report)
Centrais Elétricas Brasileiras SA - Eletrobras, 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. As of December 31, 2020, it owned and operated 31 hydroelectric plants with a total installed capacity of 50,648 megawatts; seven thermal plants, including coal, and oil and gas power generation units with a total installed capacity of 1,595 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.
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