Key Points
- Director De Lima Filho Pedro Batista sold 941,500 shares of Brazilian Electric Power at an average price of $10.60, totaling about $9.98 million. After the sale, his direct holdings fell to 658,746 shares, a 58.83% decrease in ownership.
- The filing shows multiple recent insider transactions, including several large share sales in May and April, along with a few purchases. Overall, the activity suggests significant insider selling around the stock’s recent trading range.
- Brazilian Electric Power shares were trading around $10.77, with the stock down 1.7% in the session. Analysts currently rate the stock a Hold, and institutional ownership remains relatively low at 2.64%.
Brazilian Electric Power Co (NYSE:AXIA - Get Free Report) Director De Lima Filho Pedro Batista sold 941,500 shares of Brazilian Electric Power stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $10.60, for a total transaction of $9,979,900.00. Following the sale, the director directly owned 658,746 shares in the company, valued at $6,982,707.60. This trade represents a 58.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
De Lima Filho Pedro Batista also recently made the following trade(s):
- On Monday, May 18th, De Lima Filho Pedro Batista sold 751,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.51, for a total transaction of $7,895,112.00.
- On Monday, May 18th, De Lima Filho Pedro Batista purchased 49,600 shares of Brazilian Electric Power stock. The shares were bought at an average cost of $11.27 per share, for a total transaction of $558,992.00.
- On Friday, May 15th, De Lima Filho Pedro Batista sold 861,500 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.48, for a total transaction of $9,028,520.00.
- On Wednesday, May 13th, De Lima Filho Pedro Batista sold 666,300 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.74, for a total transaction of $7,156,062.00.
- 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 transaction 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 transaction 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 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 transaction 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 transaction of $20,441,876.00.
Brazilian Electric Power Stock Down 1.7%
Shares of Brazilian Electric Power stock opened at $10.77 on Friday. The company has a market cap of $24.23 billion, a P/E ratio of 59.81, a P/E/G ratio of 1.58 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. Brazilian Electric Power Co has a 1 year low of $6.71 and a 1 year high of $13.54.
Institutional Investors Weigh In On Brazilian Electric Power
A number of institutional investors have recently added to or reduced their stakes in the business. Kapitalo Investimentos Ltda lifted its position in shares of Brazilian Electric Power by 146.9% during the 1st quarter. Kapitalo Investimentos Ltda now owns 187,303 shares of the company's stock valued at $2,113,000 after acquiring an additional 111,448 shares during the period. Sei Investments Co. acquired a new position in shares of Brazilian Electric Power during the 1st quarter valued at $461,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Brazilian Electric Power during the 1st quarter valued at $323,000. D.A. Davidson & CO. acquired a new position in shares of Brazilian Electric Power during the 1st quarter valued at $312,000. Finally, Walleye Capital LLC acquired a new position in shares of Brazilian Electric Power during the 1st quarter valued at $274,000. 2.64% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Weiss Ratings assumed coverage on shares of Brazilian Electric Power in a report on Tuesday, April 7th. They set a "hold (c)" rating on the stock. Wall Street Zen lowered shares of Brazilian Electric Power from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold".
View Our Latest Stock Report 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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