Sampaio Araujo Camila Gualda Sells 5,800 Shares of Brazilian Electric Power (NYSE:AXIA) Stock

Brazilian Electric Power Co (NYSE:AXIA) insider Sampaio Araujo Camila Gualda sold 5,800 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $9.78, for a total value of $56,724.00. Following the transaction, the insider directly owned 77,277 shares in the company, valued at $755,769.06. The trade was a 6.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sampaio Araujo Camila Gualda also recently made the following trade(s):

• On Tuesday, April 7th, Sampaio Araujo Camila Gualda sold 20,575 shares of Brazilian Electric Power stock. The stock was sold at an average price of $11.31, for a total value of $232,703.25.

Brazilian Electric Power Price Performance

Shares of AXIA traded up $0.22 during midday trading on Tuesday, reaching $10.37. 2,183,356 shares of the stock were exchanged, compared to its average volume of 2,033,512. Brazilian Electric Power Co has a 52 week low of $6.71 and a 52 week high of $13.54. 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 company has a market capitalization of $23.33 billion, a price-to-earnings ratio of 56.92, a PEG ratio of 1.49 and a beta of 0.46.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AXIA. Weiss Ratings began 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 raised Brazilian Electric Power from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Investors Weigh In On Brazilian Electric Power

Institutional investors have recently added to or reduced their stakes in the stock. Traveka Wealth LLC bought a new stake in Brazilian Electric Power during the first quarter valued at about $118,000. Bank of New York Mellon Corp acquired a new stake in Brazilian Electric Power in the first quarter worth about $150,000. Sequoia Financial Advisors LLC boosted its holdings in Brazilian Electric Power by 4.5% in the first quarter. Sequoia Financial Advisors LLC now owns 18,654 shares of the company’s stock worth $210,000 after acquiring an additional 802 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Brazilian Electric Power by 28.2% in the first quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company’s stock worth $248,000 after acquiring an additional 4,834 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in Brazilian Electric Power in the first quarter worth about $274,000. Institutional investors 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.