Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 234,300 Shares

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 234,300 shares of the firm’s stock in a transaction on 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 completion of the sale, the director directly owned 524,546 shares of the company’s stock, valued at $5,486,751.16. This represents a 30.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 stock was bought at an average price 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 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 shares were 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 shares were 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 shares were 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 stock was bought at an average price 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 shares were sold at an average price of $12.54, for a total value of $17,530,694.28.

Brazilian Electric Power Trading Down 2.2%

Shares of NYSE AXIA opened at $10.45 on Thursday. The firm has a market capitalization of $23.51 billion, a PE ratio of 58.03, a P/E/G ratio of 1.54 and a beta of 0.52. Brazilian Electric Power Co has a fifty-two week low of $6.71 and a fifty-two week 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.

Hedge Funds Weigh In On Brazilian Electric Power

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. purchased a new position in Brazilian Electric Power during the first quarter worth about $461,000. Walleye Capital LLC purchased a new position in Brazilian Electric Power during the first quarter worth about $274,000. Cetera Investment Advisers grew its position in Brazilian Electric Power by 53.6% during the first quarter. Cetera Investment Advisers now owns 37,934 shares of the company’s stock worth $428,000 after buying an additional 13,237 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Brazilian Electric Power during the first quarter worth about $323,000. Finally, Kapitalo Investimentos Ltda grew its position in Brazilian Electric Power by 146.9% during 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. 2.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on AXIA. Weiss Ratings began coverage on Brazilian Electric Power in a research report on Tuesday, April 7th. They issued a “hold (c)” rating for the company. Wall Street Zen cut Brazilian Electric Power from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Brazilian Electric Power Company Profile

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.