Key Points
- Director Pedro Batista De Lima Filho sold 1,640,600 shares of Brazilian Electric Power at an average price of $12.46 for a total of $20,441,876, cutting his holding by 58.87% to 1,146,032 shares; the sale was disclosed in an SEC filing.
- AXIA stock traded down about 1% (opened $12.78) and the company shows a market capitalization of $28.75 billion, a P/E of 24.57, a quick ratio of 1.67, debt/equity of 0.52, and a 12‑month range of $6.71 to $13.54.
- Analyst sentiment is mixed with a MarketBeat consensus of Hold, although Wall Street Zen upgraded the stock to Buy while Weiss Ratings initiated coverage with a Hold (c).
Brazilian Electric Power Co (NYSE:AXIA - Get Free Report) Director De Lima Filho Pedro Batista sold 1,640,600 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $12.46, for a total value of $20,441,876.00. Following the completion of the transaction, the director owned 1,146,032 shares of the company's stock, valued at approximately $14,279,558.72. This trade represents a 58.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Brazilian Electric Power Trading Down 1.0%
AXIA opened at $12.78 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 1.68 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $28.75 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.86 and a beta of 0.53. Brazilian Electric Power Co has a 12-month low of $6.71 and a 12-month high of $13.54.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Brazilian Electric Power from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. Weiss Ratings assumed coverage on Brazilian Electric Power in a report on Tuesday, April 7th. They set a "hold (c)" rating for the company. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".
Check Out Our Latest Report on AXIA
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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