De Lima Filho Pedro Batista Sells 478,900 Shares of Brazilian Electric Power (NYSE:AXIA) Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 478,900 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $10.55, for a total transaction of $5,052,395.00. Following the sale, the director owned 4,649,910 shares in the company, valued at approximately $49,056,550.50. This trade represents a 9.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, June 17th, De Lima Filho Pedro Batista sold 460,000 shares of Brazilian Electric Power stock. The shares were 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 shares were 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 stock was 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 stock was acquired at an average cost of $10.60 per share, with a total value 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 shares were acquired at an average price of $10.78 per share, for a total transaction 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 shares were sold at an average price of $10.40, for a total value of $7,430,800.00.

Brazilian Electric Power Trading Down 1.6%

AXIA traded down $0.17 during midday trading on Wednesday, hitting $10.39. The company’s stock had a trading volume of 2,076,669 shares, compared to its average volume of 2,304,205. Brazilian Electric Power Co has a 52-week low of $6.71 and a 52-week high of $13.54. The firm has a 50-day simple moving average of $10.97. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $29.42 billion, a price-to-earnings ratio of 57.73, a P/E/G ratio of 1.55 and a beta of 0.46.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings began coverage on shares of Brazilian Electric Power in a research report on Tuesday, April 7th. They set a “hold (c)” rating for the company. Wall Street Zen upgraded shares of Brazilian Electric Power from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Brazilian Electric Power presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Brazilian Electric Power

Large investors have recently modified their holdings of the company. Traveka Wealth LLC acquired a new stake in Brazilian Electric Power in the first quarter valued at approximately $118,000. Bank of New York Mellon Corp acquired a new position in shares of Brazilian Electric Power during the first quarter worth $150,000. Sequoia Financial Advisors LLC lifted its position 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 purchasing an additional 802 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Brazilian Electric Power by 28.2% in the first quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company’s stock valued at $248,000 after purchasing an additional 4,834 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Brazilian Electric Power in the first quarter valued at $274,000. 2.64% of the stock is currently owned by hedge funds and other institutional investors.

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.