Brazilian Electric Power (NYSE:AXIA) Insider Sells $56,724.00 in Stock

Brazilian Electric Power Co (NYSE:AXIA) insider Sampaio Araujo Camila Gualda sold 5,800 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $9.78, for a total value of $56,724.00. Following the completion of the sale, the insider owned 77,277 shares of the company’s stock, valued at $755,769.06. This represents a 6.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Sampaio Araujo Camila Gualda also recently made the following trade(s):

• On Tuesday, April 7th, Sampaio Araujo Camila Gualda sold 20,575 shares of Brazilian Electric Power stock. The shares were sold at an average price of $11.31, for a total value of $232,703.25.

Brazilian Electric Power Trading Down 0.3%

NYSE AXIA opened at $9.99 on Friday. The stock has a market capitalization of $22.48 billion, a P/E ratio of 55.49, a P/E/G ratio of 1.44 and a beta of 0.46. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Brazilian Electric Power Co has a 12 month low of $6.71 and a 12 month high of $13.54.

Institutional Investors Weigh In On Brazilian Electric Power

Several large investors have recently modified their holdings of AXIA. Traveka Wealth LLC bought a new stake in shares of Brazilian Electric Power in the first quarter worth about $118,000. Sequoia Financial Advisors LLC increased its holdings in shares of Brazilian Electric Power by 4.5% in the first quarter. Sequoia Financial Advisors LLC now owns 18,654 shares of the company’s stock worth $210,000 after acquiring an additional 802 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Brazilian Electric Power by 1.8% in the first quarter. Principal Financial Group Inc. now owns 89,314 shares of the company’s stock worth $1,007,000 after acquiring an additional 1,559 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Brazilian Electric Power by 28.2% in the first quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company’s stock worth $248,000 after acquiring an additional 4,834 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Brazilian Electric Power in the first quarter worth about $150,000. 2.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings assumed coverage on shares of Brazilian Electric Power in a research note on Tuesday, April 7th. They set 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 investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company 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.