Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 597,500 Shares

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 597,500 shares of Brazilian Electric Power stock in a transaction on Monday, June 15th. The shares were sold at an average price of $10.13, for a total value of $6,052,675.00. Following the completion of the transaction, the director owned 4,687,963 shares of the company’s stock, valued at approximately $47,489,065.19. This trade represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, June 10th, De Lima Filho Pedro Batista sold 30,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $9.59, for a total value of $289,618.00.
• 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 value of $3,960,000.00.
• On Wednesday, June 3rd, De Lima Filho Pedro Batista bought 45,000 shares of Brazilian Electric Power stock. The stock was bought at an average price 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 value 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 value of $23,459,156.00.
• On Friday, May 29th, De Lima Filho Pedro Batista bought 1,234,900 shares of Brazilian Electric Power stock. The stock was bought at an average price 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 value 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 value of $7,430,800.00.
• 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.

Brazilian Electric Power Price Performance

Shares of NYSE AXIA opened at $10.30 on Thursday. The stock has a market cap of $23.17 billion, a P/E ratio of 57.19, a price-to-earnings-growth ratio of 1.50 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’s 50-day simple moving average is $11.44. Brazilian Electric Power Co has a 1 year low of $6.71 and a 1 year high of $13.54.

Institutional Trading of Brazilian Electric Power

A number of institutional investors have recently bought and sold shares of AXIA. Cetera Investment Advisers increased its position in shares of Brazilian Electric Power by 53.6% during the first quarter. Cetera Investment Advisers now owns 37,934 shares of the company’s stock worth $428,000 after purchasing an additional 13,237 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Brazilian Electric Power during the first quarter worth about $150,000. Sei Investments Co. acquired a new stake in shares of Brazilian Electric Power during the first quarter worth about $461,000. Principal Financial Group Inc. increased its position in shares of Brazilian Electric Power by 1.8% during the first quarter. Principal Financial Group Inc. now owns 89,314 shares of the company’s stock worth $1,007,000 after purchasing an additional 1,559 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Brazilian Electric Power by 28.2% during the first 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. 2.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen raised Brazilian Electric Power from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Weiss Ratings assumed coverage on Brazilian Electric Power in a report on Tuesday, April 7th. They set a “hold (c)” rating for the company. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently 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.