Brazilian Electric Power (NYSE:AXIA) Director Sells $9,028,520.00 in Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 861,500 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $10.48, for a total value of $9,028,520.00. Following the transaction, the director owned 902,646 shares of the company’s stock, valued at approximately $9,459,730.08. The trade was a 48.83% decrease in their position. The transaction 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 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 value 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 value 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 value of $46,712,982.00.
• On Friday, May 8th, De Lima Filho Pedro Batista bought 3,656,500 shares of Brazilian Electric Power stock. The stock was purchased at an average price of $11.90 per share, with a total value 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 stock was sold at an average price of $12.54, for a total value 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 stock was sold at an average price of $12.46, for a total value of $20,441,876.00.

Brazilian Electric Power Trading Down 1.4%

Shares of NYSE AXIA traded down $0.16 during mid-day trading on Tuesday, reaching $10.72. 850,395 shares of the company were exchanged, compared to its average volume of 2,344,539. 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 stock has a market capitalization of $24.12 billion, a P/E ratio of 267.88, a price-to-earnings-growth ratio of 1.56 and a beta of 0.52. 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

Hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC grew its stake in shares of Brazilian Electric Power by 4.5% during 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 during the period. Principal Financial Group Inc. lifted its stake in shares of 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 purchasing an additional 1,559 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of 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 purchasing an additional 4,834 shares during the period. Traveka Wealth LLC acquired a new position in shares of Brazilian Electric Power in the 1st quarter valued at $118,000. Finally, Cetera Investment Advisers lifted its stake in shares of Brazilian Electric Power by 53.6% in the 1st quarter. Cetera Investment Advisers now owns 37,934 shares of the company’s stock valued at $428,000 after purchasing an additional 13,237 shares during the period. Hedge funds and other institutional investors own 2.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Weiss Ratings assumed coverage on Brazilian Electric Power in a research report on Tuesday, April 7th. They set a “hold (c)” rating on the stock. Wall Street Zen lowered Brazilian Electric Power from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.