Key Points
- Insider sale: Sampaio Araujo Camila Gualda sold 5,800 shares of Brazilian Electric Power (NYSE:AXIA) on June 1 at an average price of $9.78, totaling $56,724. After the transaction, the insider still held 77,277 shares.
- Recent insider activity: This follows another notable sale by the same insider on April 7, when 20,575 shares were sold at an average price of $11.31 for $232,703.25.
- Stock and analyst snapshot: AXIA opened at $10.37, with a 12-month range of $6.71 to $13.54, and Wall Street currently has a Hold consensus rating despite a recent upgrade from Wall Street Zen to Buy.
Brazilian Electric Power Co (NYSE:AXIA - Get Free Report) insider Sampaio Araujo Camila Gualda sold 5,800 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $9.78, for a total transaction of $56,724.00. Following the sale, the insider owned 77,277 shares in the company, valued at approximately $755,769.06. This trade represents a 6.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
Sampaio Araujo Camila Gualda also recently made the following trade(s):
- On Tuesday, April 7th, Sampaio Araujo Camila Gualda sold 20,575 shares of Brazilian Electric Power stock. The shares were sold at an average price of $11.31, for a total transaction of $232,703.25.
Brazilian Electric Power Stock Performance
Shares of AXIA stock opened at $10.37 on Wednesday. Brazilian Electric Power Co has a 12 month low of $6.71 and a 12 month high of $13.54. The firm has a market cap of $23.33 billion, a PE ratio of 57.58, a price-to-earnings-growth ratio of 1.46 and a beta of 0.46. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.52.
Hedge Funds Weigh In On Brazilian Electric Power
Large investors have recently modified their holdings of the stock. Cetera Investment Advisers raised its position in shares of Brazilian Electric Power by 53.6% in the 1st quarter. Cetera Investment Advisers now owns 37,934 shares of the company's stock worth $428,000 after purchasing an additional 13,237 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Brazilian Electric Power in the 1st quarter worth about $150,000. Sei Investments Co. purchased a new position in Brazilian Electric Power in the 1st quarter worth about $461,000. Principal Financial Group Inc. raised its position in Brazilian Electric Power by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 89,314 shares of the company's stock worth $1,007,000 after buying an additional 1,559 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in 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 buying an additional 4,834 shares during the last quarter. Hedge funds and other institutional investors own 2.64% of the company's stock.
Wall Street Analyst Weigh In
AXIA has been the topic of a number of research reports. Wall Street Zen upgraded shares of Brazilian Electric Power from a "hold" rating to a "buy" rating in a report on Saturday. Weiss Ratings initiated coverage on shares of Brazilian Electric Power in a report on Tuesday, April 7th. They set a "hold (c)" rating on the stock. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".
Check Out Our Latest Analysis on AXIA
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
