Key Points
- Brazilian Electric Power director De Lima Filho Pedro Batista sold 555,300 shares on June 1 at an average price of $9.88, totaling $5.49 million. After the sale, his direct stake fell by 82.22% to 120,100 shares.
- The filing also shows a series of recent insider transactions, including much larger sales and a few purchases by Batista in late May. His transactions over the period were net heavily oriented toward selling.
- AXIA shares were down 3.0% and opened at $10.04, while analysts currently have an average Hold rating on the stock. The company also has a market capitalization of $22.59 billion and a beta of 0.46.
Brazilian Electric Power Co (NYSE:AXIA - Get Free Report) Director De Lima Filho Pedro Batista sold 555,300 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $9.88, for a total transaction of $5,486,364.00. Following the sale, the director directly owned 120,100 shares of the company's stock, valued at $1,186,588. The trade was a 82.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
De Lima Filho Pedro Batista also recently made the following trade(s):
- On Friday, May 29th, De Lima Filho Pedro Batista sold 2,249,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.43, for a total transaction of $23,459,156.00.
- On Friday, May 29th, De Lima Filho Pedro Batista purchased 1,234,900 shares of Brazilian Electric Power stock. The shares were purchased at an average cost of $10.78 per share, with a total value of $13,312,222.00.
- On Monday, May 25th, De Lima Filho Pedro Batista sold 234,300 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.46, for a total transaction of $2,450,778.00.
- On Friday, May 22nd, De Lima Filho Pedro Batista sold 714,500 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.40, for a total transaction of $7,430,800.00.
- On Wednesday, May 20th, De Lima Filho Pedro Batista sold 941,500 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.60, for a total transaction of $9,979,900.00.
- 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 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 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 stock was 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 stock was sold at an average price of $11.05, for a total transaction of $7,148,245.00.
Brazilian Electric Power Stock Down 3.0%
NYSE:AXIA opened at $10.04 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 capitalization of $22.59 billion, a PE ratio of 55.77, a P/E/G ratio of 1.49 and a beta of 0.46.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on AXIA shares. Weiss Ratings started coverage on shares of Brazilian Electric Power in a research report on Tuesday, April 7th. They issued a "hold (c)" rating for the company. Wall Street Zen raised shares of Brazilian Electric Power from a "hold" rating to a "buy" rating in a research report on Saturday, May 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Brazilian Electric Power presently has an average rating of "Hold".
Read Our Latest Analysis on Brazilian Electric Power
Hedge Funds Weigh In On Brazilian Electric Power
Large investors have recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda lifted its holdings in shares of Brazilian Electric Power by 146.9% in the first quarter. Kapitalo Investimentos Ltda now owns 187,303 shares of the company's stock worth $2,113,000 after buying an additional 111,448 shares in the last quarter. Sei Investments Co. purchased a new position in shares of Brazilian Electric Power in the first quarter worth $461,000. Measured Wealth Private Client Group LLC purchased a new stake in Brazilian Electric Power during the first quarter valued at $323,000. D.A. Davidson & CO. purchased a new stake in Brazilian Electric Power during the first quarter valued at $312,000. Finally, Walleye Capital LLC purchased a new stake in Brazilian Electric Power during the first quarter valued at $274,000. Hedge funds and other institutional investors own 2.64% of the company's stock.
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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