Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 941,500 Shares

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 941,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $10.60, for a total transaction of $9,979,900.00. Following the completion of the transaction, the director owned 658,746 shares in the company, valued at $6,982,707.60. This represents a 58.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 acquired 49,600 shares of Brazilian Electric Power stock. The stock was 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.
• On Friday, May 8th, De Lima Filho Pedro Batista sold 3,938,700 shares of Brazilian Electric Power stock. The shares were sold at an average price of $11.86, for a total transaction of $46,712,982.00.
• On Friday, May 8th, De Lima Filho Pedro Batista acquired 3,656,500 shares of Brazilian Electric Power stock. The stock was acquired at an average price of $11.90 per share, for a total transaction 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 shares were sold at an average price of $12.54, for a total transaction of $17,530,694.28.
• On Friday, April 17th, De Lima Filho Pedro Batista sold 1,640,600 shares of Brazilian Electric Power stock. The shares were sold at an average price of $12.46, for a total transaction of $20,441,876.00.

Brazilian Electric Power Trading Down 1.7%

AXIA opened at $10.77 on Friday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $24.23 billion, a price-to-earnings ratio of 59.81, a PEG ratio of 1.58 and a beta of 0.52. Brazilian Electric Power Co has a twelve month low of $6.71 and a twelve month high of $13.54.

Institutional Trading of Brazilian Electric Power

Several hedge funds and other institutional investors have recently bought and sold shares of AXIA. Traveka Wealth LLC acquired a new stake in Brazilian Electric Power in the 1st quarter worth about $118,000. Sequoia Financial Advisors LLC increased its holdings 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 valued at $210,000 after buying an additional 802 shares during the period. Principal Financial Group Inc. increased its holdings in Brazilian Electric Power by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 89,314 shares of the company’s stock valued at $1,007,000 after buying an additional 1,559 shares during the period. Sanctuary Advisors LLC increased its holdings in Brazilian Electric Power by 28.2% in the 1st quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company’s stock valued at $248,000 after buying an additional 4,834 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Brazilian Electric Power in the 1st quarter valued at about $150,000. Institutional investors and hedge funds own 2.64% of the company’s stock.

Wall Street Analysts Forecast Growth

AXIA has been the subject of a number of analyst reports. Weiss Ratings started 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 cut shares of Brazilian Electric Power from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently 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.