Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 313,000 Shares of Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 313,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $9.76, for a total transaction of $3,054,880.00. Following the transaction, the director owned 350,885 shares of the company’s stock, valued at approximately $3,424,637.60. This represents a 47.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, August 17th, De Lima Filho Pedro Batista sold 33,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $9.71, for a total transaction of $322,372.00.
• On Monday, August 17th, De Lima Filho Pedro Batista purchased 12,800 shares of Brazilian Electric Power stock. The shares were purchased at an average cost of $9.70 per share, for a total transaction of $124,160.00.
• On Wednesday, August 12th, De Lima Filho Pedro Batista sold 45,000 shares of Brazilian Electric Power stock. The stock was sold at an average price of $9.63, for a total transaction of $433,350.00.
• 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 transaction of $1,398,774.00.
• On Friday, August 7th, De Lima Filho Pedro Batista acquired 85,200 shares of Brazilian Electric Power stock. The stock was purchased at an average price 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 stock was 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 bought 362,600 shares of Brazilian Electric Power stock. The stock was acquired at an average cost of $10.26 per share, with a total value 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.

Brazilian Electric Power Price Performance

NYSE AXIA opened at $10.22 on Friday. The firm has a market capitalization of $28.94 billion, a price-to-earnings ratio of 56.78, a P/E/G ratio of 3.07 and a beta of 0.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.11 and a current ratio of 2.11. The stock’s 50-day simple moving average is $10.28. Brazilian Electric Power Co has a one year low of $7.55 and a one year high of $13.54.

Institutional Investors Weigh In On Brazilian Electric Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Traveka Wealth LLC acquired a new position in shares of Brazilian Electric Power during the 1st quarter worth $118,000. Bank of New York Mellon Corp bought a new position in Brazilian Electric Power in the first quarter valued at about $150,000. BTG Pactual Asset Management US LLC bought a new position in shares of Brazilian Electric Power in the second quarter worth about $172,000. Sequoia Financial Advisors LLC boosted its stake in shares of Brazilian Electric Power by 4.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 18,654 shares of the company’s stock valued at $210,000 after purchasing an additional 802 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Brazilian Electric Power by 28.2% during the 1st quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company’s stock valued at $248,000 after acquiring an additional 4,834 shares in the last quarter. 2.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on AXIA. 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 reaffirmed a “hold (c)” rating on shares of Brazilian Electric Power in a report on Monday, July 6th. One analyst has rated the stock with a Hold rating, Based on 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.