Key Points
- Director De Lima Filho Pedro Batista sold 234,300 shares of Brazilian Electric Power on May 25 for about $2.45 million, reducing his ownership by 30.88% to 524,546 shares.
- The filing follows a string of recent insider transactions, including several large sales and a couple of purchases by the same director over the prior weeks.
- AXIA shares were down 2.2% and the stock was trading around $10.45, while analysts currently have a consensus rating of “Hold”.
Brazilian Electric Power Co (NYSE:AXIA - Get Free Report) Director De Lima Filho Pedro Batista sold 234,300 shares of the business's stock in a transaction dated Monday, May 25th. The stock was sold at an average price of $10.46, for a total value of $2,450,778.00. Following the transaction, the director owned 524,546 shares of the company's stock, valued at approximately $5,486,751.16. The trade was a 30.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
De Lima Filho Pedro Batista also recently made the following trade(s):
- On Friday, May 22nd, De Lima Filho Pedro Batista sold 714,500 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.40, for a total value of $7,430,800.00.
- On Wednesday, May 20th, De Lima Filho Pedro Batista sold 941,500 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.60, for a total value of $9,979,900.00.
- On Monday, May 18th, De Lima Filho Pedro Batista sold 751,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.51, for a total value 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 purchased at an average cost of $11.27 per share, with a total value of $558,992.00.
- On Friday, May 15th, De Lima Filho Pedro Batista sold 861,500 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.48, for a total value of $9,028,520.00.
- On Wednesday, May 13th, De Lima Filho Pedro Batista sold 666,300 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.74, for a total value of $7,156,062.00.
- On Monday, May 11th, De Lima Filho Pedro Batista sold 646,900 shares of Brazilian Electric Power stock. The stock was 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 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 purchased at an average cost of $11.90 per share, with a total value 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.
Brazilian Electric Power Stock Down 2.2%
Shares of AXIA stock opened at $10.45 on Thursday. Brazilian Electric Power Co has a 12-month low of $6.71 and a 12-month high of $13.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 2.11. The stock has a market cap of $23.51 billion, a price-to-earnings ratio of 58.03, a PEG ratio of 1.54 and a beta of 0.52.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Sei Investments Co. purchased a new position in Brazilian Electric Power during the 1st quarter valued at about $461,000. Walleye Capital LLC purchased a new position in Brazilian Electric Power during the 1st quarter valued at about $274,000. Cetera Investment Advisers increased its holdings in Brazilian Electric Power by 53.6% during the 1st quarter. Cetera Investment Advisers now owns 37,934 shares of the company's stock valued at $428,000 after purchasing an additional 13,237 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in Brazilian Electric Power during the 1st quarter valued at about $323,000. Finally, Kapitalo Investimentos Ltda increased its holdings in 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 purchasing an additional 111,448 shares during the period. Hedge funds and other institutional investors own 2.64% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on AXIA shares. 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 started coverage on Brazilian Electric Power in a research note on Tuesday, April 7th. They issued a "hold (c)" rating for the company. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".
Get Our Latest Stock 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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