Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 293,200 Shares

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 293,200 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $10.04, for a total value of $2,943,728.00. Following the sale, the director owned 4,464,519 shares in the company, valued at approximately $44,823,770.76. This trade represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 transaction of $8,192,000.00.
• On Wednesday, July 1st, De Lima Filho Pedro Batista bought 362,600 shares of Brazilian Electric Power stock. The shares were acquired at an average price 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 transaction of $5,052,395.00.
• On Wednesday, June 17th, De Lima Filho Pedro Batista sold 460,000 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.16, for a total transaction of $4,673,600.00.
• On Monday, June 15th, De Lima Filho Pedro Batista sold 597,500 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.13, for a total transaction 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 transaction of $289,618.00.
• On Wednesday, June 3rd, De Lima Filho Pedro Batista sold 400,000 shares of Brazilian Electric Power stock. The stock was sold at an average price of $9.90, for a total transaction of $3,960,000.00.
• On Wednesday, June 3rd, De Lima Filho Pedro Batista acquired 45,000 shares of Brazilian Electric Power stock. The stock was bought at an average price of $10.60 per share, with a total value of $477,000.00.
• On Monday, June 1st, De Lima Filho Pedro Batista sold 555,300 shares of Brazilian Electric Power stock. The shares were sold at an average price of $9.88, for a total value of $5,486,364.00.

Brazilian Electric Power Trading Up 4.0%

NYSE:AXIA traded up $0.41 during trading hours on Friday, hitting $10.52. 1,219,881 shares of the company were exchanged, compared to its average volume of 2,282,146. The company has a market cap of $29.77 billion, a PE ratio of 58.42, a price-to-earnings-growth ratio of 1.48 and a beta of 0.45. Brazilian Electric Power Co has a one year low of $6.71 and a one year high of $13.54. The business’s fifty day moving average is $10.69. 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 Upgrades and Downgrades

A number of research firms recently commented on AXIA. Wall Street Zen raised Brazilian Electric Power from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Brazilian Electric Power in a research report on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC grew its stake in Brazilian Electric Power by 4.5% during the first 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 Brazilian Electric Power by 1.8% in the first 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 lifted its stake in Brazilian Electric Power by 28.2% in the first 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. Traveka Wealth LLC bought a new position in shares of Brazilian Electric Power during the 1st quarter worth approximately $118,000. Finally, Cetera Investment Advisers boosted its holdings 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 worth $428,000 after buying an additional 13,237 shares in the last quarter. 2.64% of the stock is owned by institutional investors and hedge funds.

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.