Key Points
- Director De Lima Filho Pedro Batista sold 646,900 shares of Brazilian Electric Power on Monday at an average price of $11.05, totaling about $7.15 million. After the sale, he still held 1,120,646 shares, a 36.6% reduction in his position.
- The filing also shows recent large insider activity, including a much bigger sale of 3.94 million shares and a purchase of 3.66 million shares on May 8, plus additional sales in April.
- AXIA traded around $10.99 and carries a market cap of $24.72 billion; analysts currently have an overall Hold view on the stock, and one firm recently downgraded it from Buy to Hold.
Brazilian Electric Power Co (NYSE:AXIA - Get Free Report) Director De Lima Filho Pedro Batista sold 646,900 shares of Brazilian Electric Power stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $11.05, for a total value of $7,148,245.00. Following the completion of the transaction, the director owned 1,120,646 shares in the company, valued at $12,383,138.30. This trade represents a 36.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
De Lima Filho Pedro Batista also recently made the following trade(s):
- On Friday, May 8th, De Lima Filho Pedro Batista sold 3,938,700 shares of Brazilian Electric Power stock. The stock was sold at an average price of $11.86, for a total value of $46,712,982.00.
- On Friday, May 8th, De Lima Filho Pedro Batista purchased 3,656,500 shares of Brazilian Electric Power stock. The shares were acquired at an average price of $11.90 per share, for a total transaction of $43,512,350.00.
- On Monday, April 20th, De Lima Filho Pedro Batista sold 1,397,982 shares of Brazilian Electric Power stock. The stock was sold at an average price of $12.54, for a total value of $17,530,694.28.
- 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 value of $20,441,876.00.
Brazilian Electric Power Stock Performance
Shares of AXIA stock opened at $10.99 on Thursday. Brazilian Electric Power Co has a fifty-two week low of $6.71 and a fifty-two week high of $13.54. The stock has a market cap of $24.72 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.69 and a beta of 0.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.11 and a current ratio of 2.11.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of AXIA. Traveka Wealth LLC acquired a new position in Brazilian Electric Power in the first quarter valued at approximately $118,000. Bank of New York Mellon Corp acquired a new position in Brazilian Electric Power in the first quarter valued at approximately $150,000. Sequoia Financial Advisors LLC lifted its holdings in Brazilian Electric Power by 4.5% in the first quarter. Sequoia Financial Advisors LLC now owns 18,654 shares of the company's stock valued at $210,000 after acquiring an additional 802 shares during the period. Sanctuary Advisors LLC lifted its holdings in Brazilian Electric Power by 28.2% in the first quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company's stock valued at $248,000 after acquiring an additional 4,834 shares during the period. Finally, Walleye Capital LLC acquired a new position in Brazilian Electric Power in the first quarter valued at approximately $274,000. 2.64% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on AXIA. Wall Street Zen lowered Brazilian Electric Power from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Weiss Ratings began coverage on Brazilian Electric Power in a research note on Tuesday, April 7th. They set a "hold (c)" rating on the stock. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold".
Get 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.
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