Key Points
- Brazilian Electric Power director De Lima Filho Pedro Batista sold 666,300 shares on May 13 at an average price of $10.74, totaling about $7.16 million. The sale reduced his direct ownership by 39.33%, leaving him with 1,027,846 shares.
- The director has been actively trading the stock recently, including another sale of 646,900 shares on May 11 and a much larger May 8 transaction that included both a sale of 3,938,700 shares and a purchase of 3,656,500 shares.
- AXIA shares were trading around $10.83, near the lower end of their 52-week range of $6.71 to $13.54. Analyst sentiment remains muted, with a consensus rating of Hold.
Brazilian Electric Power Co (NYSE:AXIA - Get Free Report) Director De Lima Filho Pedro Batista sold 666,300 shares of the company's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $10.74, for a total value of $7,156,062.00. Following the completion of the transaction, the director directly owned 1,027,846 shares in the company, valued at approximately $11,039,066.04. The trade was a 39.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
De Lima Filho Pedro Batista also recently made the following trade(s):
- On Monday, May 11th, De Lima Filho Pedro Batista sold 646,900 shares of Brazilian Electric Power stock. The shares were sold at an average price of $11.05, for a total value of $7,148,245.00.
- On Friday, May 8th, De Lima Filho Pedro Batista sold 3,938,700 shares of Brazilian Electric Power stock. The shares were 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 acquired 3,656,500 shares of Brazilian Electric Power stock. The shares were bought at an average cost 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 shares were 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 shares were sold at an average price of $12.46, for a total value of $20,441,876.00.
Brazilian Electric Power Price Performance
Shares of NYSE AXIA opened at $10.83 on Friday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.52. The stock has a market cap of $24.38 billion, a PE ratio of 270.85, a P/E/G ratio of 1.60 and a beta of 0.52. Brazilian Electric Power Co has a 52 week low of $6.71 and a 52 week high of $13.54.
Institutional Trading of Brazilian Electric Power
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Traveka Wealth LLC acquired a new stake in Brazilian Electric Power in the 1st quarter valued at approximately $118,000. Bank of New York Mellon Corp acquired a new stake in Brazilian Electric Power in the 1st quarter valued at approximately $150,000. Sequoia Financial Advisors LLC grew its holdings in Brazilian Electric Power by 4.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 18,654 shares of the company's stock valued at $210,000 after buying an additional 802 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Brazilian Electric Power by 28.2% in the 1st quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company's stock worth $248,000 after acquiring an additional 4,834 shares during the period. Finally, Walleye Capital LLC bought a new stake in shares of Brazilian Electric Power in the 1st quarter worth approximately $274,000. Institutional investors and hedge funds own 2.64% of the company's stock.
Analyst Upgrades and Downgrades
AXIA has been the topic of a number of research analyst reports. Weiss Ratings initiated coverage on Brazilian Electric Power in a report on Tuesday, April 7th. They issued a "hold (c)" rating on the stock. Wall Street Zen lowered Brazilian Electric Power from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Brazilian Electric Power currently has a consensus rating of "Hold".
Read Our Latest Research Report on Brazilian Electric Power
About Brazilian Electric Power
(
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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