Brazilian Electric Power (NYSE:AXIA) Director Sells $289,618.00 in Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 30,200 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $9.59, for a total transaction of $289,618.00. Following the sale, the director directly owned 367,727 shares of the company’s stock, valued at approximately $3,526,501.93. The trade was a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, June 3rd, De Lima Filho Pedro Batista sold 400,000 shares of Brazilian Electric Power stock. The shares were sold at an average price of $9.90, for a total transaction of $3,960,000.00.
• On Wednesday, June 3rd, De Lima Filho Pedro Batista acquired 45,000 shares of Brazilian Electric Power stock. The shares were acquired at an average cost 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 acquired 1,234,900 shares of Brazilian Electric Power stock. The shares were acquired 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 shares were 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.
• 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 bought 49,600 shares of Brazilian Electric Power stock. The stock was purchased at an average cost of $11.27 per share, with a total value of $558,992.00.

Brazilian Electric Power Stock Performance

Shares of Brazilian Electric Power stock opened at $10.28 on Monday. The company has a market cap of $23.13 billion, a P/E ratio of 57.08, a P/E/G ratio of 1.48 and a beta of 0.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 2.11. The business has a fifty day moving average price of $11.51. Brazilian Electric Power Co has a fifty-two week low of $6.71 and a fifty-two week high of $13.54.

Analyst Ratings Changes

Several brokerages recently weighed in on AXIA. Weiss Ratings began coverage on shares of Brazilian Electric Power in a report on Tuesday, April 7th. They issued a “hold (c)” rating for the company. 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 equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Trading of Brazilian Electric Power

Hedge funds have recently bought and sold shares of the stock. Traveka Wealth LLC purchased a new stake in Brazilian Electric Power in the 1st quarter worth $118,000. Bank of New York Mellon Corp purchased a new stake in Brazilian Electric Power in the 1st quarter worth $150,000. Sequoia Financial Advisors LLC lifted its stake in Brazilian Electric Power by 4.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 18,654 shares of the company’s stock worth $210,000 after purchasing an additional 802 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Brazilian Electric Power by 28.2% in the 1st quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company’s stock worth $248,000 after purchasing an additional 4,834 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in Brazilian Electric Power in the 1st quarter worth $274,000. Hedge funds and other institutional investors own 2.64% of the company’s stock.

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.