Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 293,200 Shares of Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 293,200 shares of Brazilian Electric Power stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $10.04, for a total transaction of $2,943,728.00. Following the sale, the director directly owned 4,464,519 shares in the company, valued at $44,823,770.76. This trade represents a 6.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, July 3rd, De Lima Filho Pedro Batista sold 255,800 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.38, for a total transaction 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 transaction of $8,192,000.00.
• On Wednesday, July 1st, De Lima Filho Pedro Batista purchased 362,600 shares of Brazilian Electric Power stock. The stock was purchased at an average price 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 shares were 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 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 shares were purchased at an average cost 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.

Brazilian Electric Power Stock Performance

Shares of Brazilian Electric Power stock traded up $0.38 on Friday, hitting $10.48. The stock had a trading volume of 2,297,505 shares, compared to its average volume of 1,870,157. The company has a 50 day moving average of $10.66. Brazilian Electric Power Co has a twelve month low of $6.71 and a twelve 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 stock has a market capitalization of $29.69 billion, a price-to-earnings ratio of 58.25, a P/E/G ratio of 1.46 and a beta of 0.45.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Sei Investments Co. acquired a new stake in shares of Brazilian Electric Power during the 1st quarter worth approximately $461,000. Walleye Capital LLC acquired a new stake in Brazilian Electric Power in the first quarter worth $274,000. Cetera Investment Advisers grew its holdings in Brazilian Electric Power by 53.6% in the first quarter. Cetera Investment Advisers now owns 37,934 shares of the company’s stock worth $428,000 after purchasing an additional 13,237 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in Brazilian Electric Power in the first quarter valued at $323,000. Finally, Kapitalo Investimentos Ltda increased its stake in Brazilian Electric Power by 146.9% in the first quarter. Kapitalo Investimentos Ltda now owns 187,303 shares of the company’s stock valued at $2,113,000 after purchasing an additional 111,448 shares in the last quarter. 2.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AXIA shares. Weiss Ratings restated a “hold (c)” rating on shares of Brazilian Electric Power in a research report on Monday. Wall Street Zen upgraded shares of Brazilian Electric Power from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 4th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Brazilian Electric Power 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.