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

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 478,900 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $10.55, for a total value 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. The trade was a 9.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 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 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 bought at an average price 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 transaction 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 transaction of $23,459,156.00.
• On Friday, May 29th, De Lima Filho Pedro Batista purchased 1,234,900 shares of Brazilian Electric Power stock. The stock was bought at an average price of $10.78 per share, with a total value 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 transaction 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 transaction of $7,430,800.00.

Brazilian Electric Power Trading Down 1.6%

Shares of NYSE AXIA opened at $10.39 on Thursday. The firm’s 50-day moving average is $10.97. Brazilian Electric Power Co has a 1-year low of $6.71 and a 1-year high of $13.54. The firm has a market capitalization of $29.42 billion, a price-to-earnings ratio of 57.73, a P/E/G ratio of 1.52 and a beta of 0.45. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

Analyst Upgrades and Downgrades

AXIA has been the topic of a number of research reports. Wall Street Zen raised Brazilian Electric Power from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings began coverage on Brazilian Electric Power in a research note on Tuesday, April 7th. They issued a “hold (c)” rating for the company. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Brazilian Electric Power has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Kapitalo Investimentos Ltda raised its position in Brazilian Electric Power by 146.9% in the 1st quarter. Kapitalo Investimentos Ltda now owns 187,303 shares of the company’s stock valued at $2,113,000 after buying an additional 111,448 shares during the last quarter. Sei Investments Co. purchased a new position in Brazilian Electric Power during the 1st quarter worth $461,000. Measured Wealth Private Client Group LLC purchased a new position in Brazilian Electric Power during the 1st quarter worth $323,000. D.A. Davidson & CO. bought a new stake in shares of Brazilian Electric Power in the 1st quarter worth $312,000. Finally, Walleye Capital LLC bought a new stake in shares of Brazilian Electric Power in the 1st quarter worth $274,000. Hedge funds and other institutional investors own 2.64% of the company’s stock.

About Brazilian Electric Power

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.