Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 255,800 Shares of Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 255,800 shares of the business’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of $10.38, for a total transaction of $2,655,204.00. Following the completion of the sale, the director owned 4,535,519 shares of the company’s stock, valued at approximately $47,078,687.22. This represents a 5.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

De Lima Filho Pedro Batista also recently made the following trade(s):

• On Wednesday, July 1st, De Lima Filho Pedro Batista sold 800,000 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.24, for a total transaction of $8,192,000.00.
• On Wednesday, July 1st, De Lima Filho Pedro Batista acquired 362,600 shares of Brazilian Electric Power stock. The shares were acquired at an average cost of $10.26 per share, for a total transaction of $3,720,276.00.
• On Monday, June 29th, De Lima Filho Pedro Batista sold 478,900 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.55, for a total transaction of $5,052,395.00.
• On Wednesday, June 17th, De Lima Filho Pedro Batista sold 460,000 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.16, for a total transaction of $4,673,600.00.
• 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 shares were 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 purchased 45,000 shares of Brazilian Electric Power stock. The stock was bought at an average price 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 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.

Brazilian Electric Power Stock Performance

AXIA stock traded down $0.10 during trading on Tuesday, reaching $10.33. 1,979,975 shares of the company traded hands, compared to its average volume of 2,294,216. The company’s 50 day moving average price is $10.83. Brazilian Electric Power Co has a 12 month low of $6.71 and a 12 month high of $13.54. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $29.24 billion, a P/E ratio of 57.38, a price-to-earnings-growth ratio of 1.49 and a beta of 0.45.

Institutional Investors Weigh In On Brazilian Electric Power

A number of large investors have recently modified their holdings of the business. Traveka Wealth LLC purchased a new position in shares of Brazilian Electric Power in the 1st quarter valued at approximately $118,000. Bank of New York Mellon Corp purchased a new stake in Brazilian Electric Power during the 1st quarter worth approximately $150,000. Sequoia Financial Advisors LLC lifted its stake in shares of Brazilian Electric Power by 4.5% during the first quarter. Sequoia Financial Advisors LLC now owns 18,654 shares of the company’s stock worth $210,000 after buying an additional 802 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of Brazilian Electric Power by 28.2% during the first quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company’s stock valued at $248,000 after buying an additional 4,834 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Brazilian Electric Power from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings began coverage on shares of Brazilian Electric Power in a research note on Tuesday, April 7th. They issued a “hold (c)” rating for the company. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently 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.