Key Points
- Brazilian Electric Power director De Lima Filho Pedro Batista sold 30,200 shares on June 10 for about $289,618 at an average price of $9.59. After the sale, he still owned 367,727 shares valued at roughly $3.53 million.
- The director has made several recent large trades, including multiple substantial sales in late May and early June, along with a few purchases. Overall, the filings show active insider selling and some offsetting buying over the past few weeks.
- AXIA shares were trading at $10.28 and the stock has a market cap of $23.13 billion, with a 1-year range of $6.71 to $13.54. Analysts currently rate the stock a consensus Hold.
Brazilian Electric Power Co (NYSE:AXIA - Get Free Report) Director De Lima Filho Pedro Batista sold 30,200 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $9.59, for a total value of $289,618.00. Following the transaction, the director directly owned 367,727 shares of the company's stock, valued at approximately $3,526,501.93. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
De Lima Filho Pedro Batista also recently made the following trade(s):
- On Wednesday, June 3rd, De Lima Filho Pedro Batista sold 400,000 shares of Brazilian Electric Power stock. The stock was sold at an average price of $9.90, for a total value of $3,960,000.00.
- On Wednesday, June 3rd, De Lima Filho Pedro Batista bought 45,000 shares of Brazilian Electric Power stock. The shares were acquired at an average cost of $10.60 per share, with a total value of $477,000.00.
- On Monday, June 1st, De Lima Filho Pedro Batista sold 555,300 shares of Brazilian Electric Power stock. The stock was sold at an average price of $9.88, for a total value of $5,486,364.00.
- On Friday, May 29th, De Lima Filho Pedro Batista sold 2,249,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.43, for a total value of $23,459,156.00.
- On Friday, May 29th, De Lima Filho Pedro Batista bought 1,234,900 shares of Brazilian Electric Power stock. The shares were acquired 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 stock was sold at an average price of $10.46, for a total value of $2,450,778.00.
- 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 bought 49,600 shares of Brazilian Electric Power stock. The shares were acquired at an average cost of $11.27 per share, with a total value of $558,992.00.
Brazilian Electric Power Price Performance
Shares of AXIA stock opened at $10.28 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 firm has a market cap of $23.13 billion, a P/E ratio of 57.08, a price-to-earnings-growth ratio of 1.48 and a beta of 0.46. The stock's 50 day simple moving average is $11.51. Brazilian Electric Power Co has a 1-year low of $6.71 and a 1-year high of $13.54.
Institutional Trading of Brazilian Electric Power
Several large investors have recently made changes to their positions in the company. Sei Investments Co. purchased a new stake in shares of Brazilian Electric Power during the first quarter worth approximately $461,000. Walleye Capital LLC purchased a new position in Brazilian Electric Power in the 1st quarter worth approximately $274,000. Cetera Investment Advisers lifted its stake in 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 in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Brazilian Electric Power in the 1st quarter worth approximately $323,000. Finally, Kapitalo Investimentos Ltda lifted its stake in Brazilian Electric Power by 146.9% in the 1st quarter. Kapitalo Investimentos Ltda now owns 187,303 shares of the company's stock worth $2,113,000 after purchasing an additional 111,448 shares in the last quarter. 2.64% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have recently weighed in on AXIA. Wall Street Zen raised Brazilian Electric Power from a "hold" rating to a "buy" rating in a research note on Saturday, May 30th. Weiss Ratings started coverage on Brazilian Electric Power in a research report on Tuesday, April 7th. They set a "hold (c)" rating for the company. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".
Read Our Latest Analysis on AXIA
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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