Key Points
- Director De Lima Filho Pedro Batista sold a total of 3,038,582 shares in two transactions (1,640,600 on April 17 and 1,397,982 on April 20) for roughly $37.97 million, reducing his ownership by 90.42% to 148,050 shares.
- AXIA shares trade around $12.69 (1‑year range $6.71–$13.54) with a market cap of $28.55 billion and a P/E of 19.36, while institutional ownership is low at 2.64%; analysts’ consensus is a “Hold” despite one recent upgrade to “Buy.”
Brazilian Electric Power Co (NYSE:AXIA - Get Free Report) Director De Lima Filho Pedro Batista sold 1,397,982 shares of the company's stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $12.54, for a total transaction of $17,530,694.28. Following the transaction, the director owned 148,050 shares in the company, valued at $1,856,547. The trade was a 90.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
De Lima Filho Pedro Batista also recently made the following trade(s):
- On Friday, April 17th, De Lima Filho Pedro Batista sold 1,640,600 shares of Brazilian Electric Power stock. The stock was sold at an average price of $12.46, for a total transaction of $20,441,876.00.
Brazilian Electric Power Trading Down 0.7%
Shares of AXIA stock opened at $12.69 on Thursday. 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 cap of $28.55 billion, a PE ratio of 19.36, a P/E/G ratio of 1.84 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.
Hedge Funds Weigh In On Brazilian Electric Power
An institutional investor recently bought a new position in Brazilian Electric Power stock. Traveka Wealth LLC acquired a new stake in Brazilian Electric Power Co (NYSE:AXIA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,437 shares of the company's stock, valued at approximately $118,000. Institutional investors and hedge funds own 2.64% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Weiss Ratings assumed coverage on shares of Brazilian Electric Power in a report on Tuesday, April 7th. They issued a "hold (c)" rating on the stock. Wall Street Zen upgraded shares of Brazilian Electric Power from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold".
Check Out Our Latest 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.
Further Reading
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