Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 313,000 Shares

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 313,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $9.76, for a total transaction of $3,054,880.00. Following the sale, the director directly owned 350,885 shares of the company’s stock, valued at approximately $3,424,637.60. This represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, August 17th, De Lima Filho Pedro Batista sold 33,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $9.71, for a total transaction of $322,372.00.
• On Monday, August 17th, De Lima Filho Pedro Batista bought 12,800 shares of Brazilian Electric Power stock. The shares were purchased at an average cost of $9.70 per share, with a total value of $124,160.00.
• On Wednesday, August 12th, De Lima Filho Pedro Batista sold 45,000 shares of Brazilian Electric Power stock. The shares were sold at an average price of $9.63, for a total value of $433,350.00.
• On Friday, August 7th, De Lima Filho Pedro Batista sold 136,200 shares of Brazilian Electric Power stock. The shares were 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 acquired at an average price 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 stock was sold at an average price of $10.04, for a total value of $2,943,728.00.
• On Friday, July 3rd, De Lima Filho Pedro Batista sold 255,800 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.38, for a total value 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 acquired at an average cost of $10.26 per share, for a total transaction of $3,720,276.00.
• On Monday, June 29th, De Lima Filho Pedro Batista sold 478,900 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.55, for a total value of $5,052,395.00.

Brazilian Electric Power Price Performance

Shares of AXIA stock remained flat at $10.22 during trading hours on Friday. Brazilian Electric Power Co has a one year low of $7.55 and a one year 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. The firm has a market cap of $28.94 billion, a PE ratio of 56.78, a price-to-earnings-growth ratio of 3.07 and a beta of 0.47. The stock has a 50-day moving average of $10.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kapitalo Investimentos Ltda boosted its stake in 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 buying an additional 111,448 shares in the last quarter. Traveka Wealth LLC acquired a new position in shares of Brazilian Electric Power in the 1st quarter valued at $118,000. BTG Pactual Asset Management US LLC bought a new position in shares of Brazilian Electric Power during the 2nd quarter worth about $172,000. Sei Investments Co. bought a new position in shares of Brazilian Electric Power during the 1st quarter worth about $461,000. Finally, Cetera Investment Advisers boosted its position in shares of Brazilian Electric Power by 53.6% during the 1st quarter. Cetera Investment Advisers now owns 37,934 shares of the company’s stock valued at $428,000 after acquiring an additional 13,237 shares in the last quarter. 2.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AXIA has been the subject of a number of research reports. Wall Street Zen downgraded shares of Brazilian Electric Power from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of Brazilian Electric Power in a report on Monday, July 6th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company 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.