De Lima Filho Pedro Batista Sells 714,500 Shares of Brazilian Electric Power (NYSE:AXIA) Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 714,500 shares of Brazilian Electric Power stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $10.40, for a total value of $7,430,800.00. Following the transaction, the director directly owned 558,346 shares of the company’s stock, valued at $5,806,798.40. This trade represents a 56.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 Wednesday, May 20th, De Lima Filho Pedro Batista sold 941,500 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.60, for a total value of $9,979,900.00.
• On Monday, May 18th, De Lima Filho Pedro Batista sold 751,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.51, for a total value of $7,895,112.00.
• On Monday, May 18th, De Lima Filho Pedro Batista purchased 49,600 shares of Brazilian Electric Power stock. The shares were purchased at an average cost of $11.27 per share, with a total value of $558,992.00.
• On Friday, May 15th, De Lima Filho Pedro Batista sold 861,500 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.48, for a total value of $9,028,520.00.
• 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 value 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 value 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 value 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 shares were purchased at an average cost of $11.90 per share, with a total value 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.

Brazilian Electric Power Price Performance

Shares of AXIA stock opened at $10.45 on Thursday. Brazilian Electric Power Co has a twelve month low of $6.71 and a twelve month high of $13.54. The stock has a market capitalization of $23.51 billion, a P/E ratio of 58.03, a PEG ratio of 1.54 and a beta of 0.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 2.11.

Institutional Trading of Brazilian Electric Power

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. purchased a new stake in Brazilian Electric Power in the 1st quarter valued at about $461,000. Walleye Capital LLC purchased a new stake in Brazilian Electric Power in the 1st quarter valued at about $274,000. Cetera Investment Advisers grew its holdings in shares of Brazilian Electric Power by 53.6% during the 1st 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 purchased a new stake in shares of Brazilian Electric Power during the 1st quarter worth about $323,000. Finally, Kapitalo Investimentos Ltda grew its holdings in shares of Brazilian Electric Power by 146.9% during the 1st quarter. Kapitalo Investimentos Ltda now owns 187,303 shares of the company’s stock worth $2,113,000 after purchasing an additional 111,448 shares during the period. Hedge funds and other institutional investors own 2.64% of the company’s stock.

Analyst Upgrades and Downgrades

AXIA has been the subject of several analyst reports. Weiss Ratings initiated coverage on shares of Brazilian Electric Power in a research note on Tuesday, April 7th. They issued a “hold (c)” rating for the company. Wall Street Zen downgraded shares of Brazilian Electric Power from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.