De Lima Filho Pedro Batista Sells 45,000 Shares of Brazilian Electric Power (NYSE:AXIA) Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 45,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $9.63, for a total transaction of $433,350.00. Following the sale, the director directly owned 365,585 shares of the company’s stock, valued at $3,520,583.55. This represents a 10.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, August 7th, De Lima Filho Pedro Batista sold 136,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.27, for a total value of $1,398,774.00.
• On Friday, August 7th, De Lima Filho Pedro Batista acquired 85,200 shares of Brazilian Electric Power stock. The stock was purchased at an average cost of $10.25 per share, for a total transaction of $873,300.00.
• On Wednesday, July 8th, De Lima Filho Pedro Batista sold 293,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.04, for a total transaction of $2,943,728.00.
• On Friday, July 3rd, De Lima Filho Pedro Batista sold 255,800 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.38, for a total transaction of $2,655,204.00.
• On Wednesday, July 1st, De Lima Filho Pedro Batista sold 800,000 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.24, for a total value of $8,192,000.00.
• On Wednesday, July 1st, De Lima Filho Pedro Batista purchased 362,600 shares of Brazilian Electric Power stock. The stock was bought at an average price of $10.26 per share, with a total value of $3,720,276.00.
• On Monday, June 29th, De Lima Filho Pedro Batista sold 478,900 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.55, for a total value of $5,052,395.00.
• On Wednesday, June 17th, De Lima Filho Pedro Batista sold 460,000 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.16, for a total value of $4,673,600.00.
• On Monday, June 15th, De Lima Filho Pedro Batista sold 597,500 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.13, for a total value of $6,052,675.00.
• On Wednesday, June 10th, De Lima Filho Pedro Batista sold 30,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $9.59, for a total value of $289,618.00.

Brazilian Electric Power Stock Performance

Shares of AXIA stock opened at $10.22 on Friday. The company has a fifty day moving average price of $10.25. The stock has a market capitalization of $28.94 billion, a P/E ratio of 56.78, a PEG ratio of 3.07 and a beta of 0.47. Brazilian Electric Power Co has a twelve month low of $7.55 and a twelve month high of $13.54. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

Analyst Ratings Changes

A number of research analysts recently commented on AXIA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Brazilian Electric Power in a report on Monday, July 6th. Wall Street Zen lowered shares of Brazilian Electric Power from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Brazilian Electric Power

A number of hedge funds have recently added to or reduced their stakes in the business. Kapitalo Investimentos Ltda raised its holdings in shares of Brazilian Electric Power by 146.9% during the first quarter. Kapitalo Investimentos Ltda now owns 187,303 shares of the company’s stock worth $2,113,000 after purchasing an additional 111,448 shares during the period. Sei Investments Co. acquired a new position in Brazilian Electric Power in the first quarter valued at approximately $461,000. Measured Wealth Private Client Group LLC bought a new position in shares of Brazilian Electric Power during the first quarter valued at approximately $323,000. D.A. Davidson & CO. bought a new position in shares of Brazilian Electric Power during the first quarter valued at approximately $312,000. Finally, Walleye Capital LLC bought a new position in shares of Brazilian Electric Power during the first quarter valued at approximately $274,000. Institutional investors and hedge funds own 2.64% of the company’s stock.

About Brazilian Electric Power

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.