Key Points
- Director De Lima Filho Pedro Batista sold 460,000 shares of Brazilian Electric Power stock on June 17 for about $4.67 million at an average price of $10.16. After the sale, he still held 4.63 million shares, and the trade reduced his position by 9.04%.
- The director has been actively trimming and trading the stock in recent weeks, including multiple large sales in late May and June, alongside a few smaller purchases. The pattern suggests heavy insider selling overall.
- Brazilian Electric Power shares were trading around $10.30, below their 50-day average of $11.32, and analysts currently rate the stock Hold on average. Institutional investors remain lightly involved, with hedge funds and institutions owning 2.64% of the stock.
Brazilian Electric Power Co (NYSE:AXIA - Get Free Report) Director De Lima Filho Pedro Batista sold 460,000 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $10.16, for a total transaction of $4,673,600.00. Following the completion of the sale, the director owned 4,630,163 shares of the company's stock, valued at approximately $47,042,456.08. The trade was a 9.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
De Lima Filho Pedro Batista also recently made the following trade(s):
- On Monday, June 15th, De Lima Filho Pedro Batista sold 597,500 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.13, for a total value of $6,052,675.00.
- On Wednesday, June 10th, De Lima Filho Pedro Batista sold 30,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $9.59, for a total value of $289,618.00.
- 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 acquired 45,000 shares of Brazilian Electric Power stock. The shares were purchased at an average cost of $10.60 per share, for a total transaction of $477,000.00.
- On Monday, June 1st, De Lima Filho Pedro Batista sold 555,300 shares of Brazilian Electric Power stock. The shares were 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 shares were 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 stock was purchased at an average price 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 transaction of $9,979,900.00.
Brazilian Electric Power Price Performance
Shares of Brazilian Electric Power stock opened at $10.30 on Tuesday. The company has a market cap of $23.19 billion, a price-to-earnings ratio of 57.25, a PEG ratio of 1.44 and a beta of 0.46. 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 firm has a fifty day simple moving average of $11.32. Brazilian Electric Power Co has a 52-week low of $6.71 and a 52-week high of $13.54.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Brazilian Electric Power from a "hold" rating to a "buy" rating in a research report on Saturday, May 30th. Weiss Ratings initiated coverage on shares of Brazilian Electric Power in a research report on Tuesday, April 7th. They issued a "hold (c)" rating for the company. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold".
Read Our Latest Analysis on Brazilian Electric Power
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Kapitalo Investimentos Ltda lifted its holdings in shares of Brazilian Electric Power by 146.9% during the first 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. Principal Financial Group Inc. boosted its stake in shares of Brazilian Electric Power by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 89,314 shares of the company's stock valued at $1,007,000 after purchasing an additional 1,559 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Brazilian Electric Power in the 1st quarter worth about $461,000. Cetera Investment Advisers grew its holdings 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. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Brazilian Electric Power in the 1st quarter worth about $323,000. 2.64% of the stock is currently owned by institutional investors and hedge funds.
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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