Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 861,500 Shares

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 861,500 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $10.48, for a total transaction of $9,028,520.00. Following the completion of the sale, the director directly owned 902,646 shares in the company, valued at $9,459,730.08. This represents a 48.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, May 13th, De Lima Filho Pedro Batista sold 666,300 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.74, for a total transaction of $7,156,062.00.
• On Monday, May 11th, De Lima Filho Pedro Batista sold 646,900 shares of Brazilian Electric Power stock. The stock was sold at an average price of $11.05, for a total transaction of $7,148,245.00.
• On Friday, May 8th, De Lima Filho Pedro Batista sold 3,938,700 shares of Brazilian Electric Power stock. The stock was sold at an average price of $11.86, for a total transaction of $46,712,982.00.
• On Friday, May 8th, De Lima Filho Pedro Batista purchased 3,656,500 shares of Brazilian Electric Power stock. The stock was bought at an average price of $11.90 per share, for a total transaction of $43,512,350.00.
• On Monday, April 20th, De Lima Filho Pedro Batista sold 1,397,982 shares of Brazilian Electric Power stock. The stock was sold at an average price of $12.54, for a total value of $17,530,694.28.
• On Friday, April 17th, De Lima Filho Pedro Batista sold 1,640,600 shares of Brazilian Electric Power stock. The stock was sold at an average price of $12.46, for a total value of $20,441,876.00.

Brazilian Electric Power Stock Performance

Brazilian Electric Power stock opened at $10.70 on Wednesday. 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 company has a market capitalization of $24.07 billion, a P/E ratio of 267.40, a P/E/G ratio of 1.56 and a beta of 0.52. Brazilian Electric Power Co has a twelve month low of $6.71 and a twelve month high of $13.54.

Institutional Trading of Brazilian Electric Power

Several institutional investors have recently added to or reduced their stakes in the business. Kapitalo Investimentos Ltda boosted its stake in Brazilian Electric Power by 146.9% during the 1st 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 during the last quarter. Principal Financial Group Inc. boosted its stake in Brazilian Electric Power by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 89,314 shares of the company’s stock valued at $1,007,000 after purchasing an additional 1,559 shares during the last quarter. Sei Investments Co. purchased a new stake in Brazilian Electric Power during the 1st quarter valued at $461,000. Cetera Investment Advisers boosted its stake in Brazilian Electric Power by 53.6% during the 1st quarter. Cetera Investment Advisers now owns 37,934 shares of the company’s stock valued at $428,000 after purchasing an additional 13,237 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Brazilian Electric Power during the 1st quarter valued at $323,000. 2.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings assumed coverage on Brazilian Electric Power in a research note on Tuesday, April 7th. They issued a “hold (c)” rating on the stock. Wall Street Zen downgraded shares of Brazilian Electric Power from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average 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.