Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 45,000 Shares of Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 45,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $9.63, for a total transaction of $433,350.00. Following the sale, the director owned 365,585 shares in the company, valued at approximately $3,520,583.55. The trade was a 10.96% decrease in their position. 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, August 7th, De Lima Filho Pedro Batista sold 136,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.27, for a total value of $1,398,774.00.
• On Friday, August 7th, De Lima Filho Pedro Batista bought 85,200 shares of Brazilian Electric Power stock. The stock was acquired at an average cost of $10.25 per share, with a total value of $873,300.00.
• On Wednesday, July 8th, De Lima Filho Pedro Batista sold 293,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.04, for a total value of $2,943,728.00.
• On Friday, July 3rd, De Lima Filho Pedro Batista sold 255,800 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.38, for a total value of $2,655,204.00.
• 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 value 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 stock was sold at an average price of $10.55, for a total value 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 value 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 transaction of $289,618.00.

Brazilian Electric Power Stock Performance

AXIA opened at $10.22 on Friday. The company’s 50-day moving average is $10.25. 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 cap of $28.94 billion, a PE ratio of 56.78, a P/E/G ratio of 3.07 and a beta of 0.47. Brazilian Electric Power Co has a 52-week low of $7.55 and a 52-week high of $13.54.

Institutional Trading of Brazilian Electric Power

A number of large investors have recently added to or reduced their stakes in AXIA. Traveka Wealth LLC purchased a new position in shares of Brazilian Electric Power in the first quarter valued at $118,000. Bank of New York Mellon Corp purchased a new stake in shares of Brazilian Electric Power in the first quarter worth approximately $150,000. Sequoia Financial Advisors LLC grew its stake in Brazilian Electric Power by 4.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 18,654 shares of the company’s stock worth $210,000 after acquiring an additional 802 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Brazilian Electric Power by 28.2% during the 1st quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company’s stock worth $248,000 after purchasing an additional 4,834 shares during the period. Finally, Walleye Capital LLC purchased a new stake in Brazilian Electric Power in the first quarter worth about $274,000. Institutional investors own 2.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AXIA shares. Wall Street Zen downgraded shares of Brazilian Electric Power from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Brazilian Electric Power in a research report on Monday, July 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company 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.