Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 555,300 Shares

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 555,300 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $9.88, for a total transaction of $5,486,364.00. Following the sale, the director directly owned 120,100 shares of the company’s stock, valued at approximately $1,186,588. The trade was a 82.22% decrease in their ownership of the stock. The transaction 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 Friday, May 29th, De Lima Filho Pedro Batista sold 2,249,200 shares of Brazilian Electric Power stock. The stock was 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 acquired 1,234,900 shares of Brazilian Electric Power stock. The stock was purchased at an average cost 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 stock was sold at an average price of $10.40, for a total transaction of $7,430,800.00.
• On Wednesday, May 20th, De Lima Filho Pedro Batista sold 941,500 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.60, for a total transaction of $9,979,900.00.
• On Monday, May 18th, De Lima Filho Pedro Batista sold 751,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.51, for a total transaction 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 acquired at an average price of $11.27 per share, for a total transaction of $558,992.00.
• On Friday, May 15th, De Lima Filho Pedro Batista sold 861,500 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.48, for a total transaction of $9,028,520.00.
• On Wednesday, May 13th, De Lima Filho Pedro Batista sold 666,300 shares of Brazilian Electric Power stock. The shares were 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 shares were sold at an average price of $11.05, for a total transaction of $7,148,245.00.

Brazilian Electric Power Stock Performance

Shares of AXIA stock opened at $10.04 on Thursday. The company has a market cap of $22.59 billion, a P/E ratio of 55.77, a price-to-earnings-growth ratio of 1.49 and a beta of 0.46. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.11 and a current ratio of 2.11. Brazilian Electric Power Co has a 12 month low of $6.71 and a 12 month high of $13.54.

Hedge Funds Weigh In On Brazilian Electric Power

Several institutional investors and hedge funds have recently made changes to their positions in AXIA. 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 valued at $2,113,000 after purchasing an additional 111,448 shares during the last quarter. Sei Investments Co. bought a new position in shares of Brazilian Electric Power during the 1st quarter valued at $461,000. Measured Wealth Private Client Group LLC bought a new position in shares of Brazilian Electric Power during the 1st quarter valued at $323,000. D.A. Davidson & CO. bought a new position in shares of Brazilian Electric Power during the 1st quarter valued at $312,000. Finally, Walleye Capital LLC bought a new position in shares of Brazilian Electric Power during the 1st quarter valued at $274,000. Institutional investors own 2.64% of the company’s stock.

Analyst Ratings Changes

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