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 business’s 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 completion of the transaction, the insider directly owned 77,277 shares in the company, valued at approximately $755,769.06. This represents 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

Brazilian Electric Power stock opened at $10.04 on Thursday. 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 firm has a market capitalization of $22.59 billion, a price-to-earnings ratio of 55.77, a price-to-earnings-growth ratio of 1.49 and a beta of 0.46. Brazilian Electric Power Co has a 52 week low of $6.71 and a 52 week high of $13.54.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Traveka Wealth LLC acquired a new position in Brazilian Electric Power during the 1st quarter valued at about $118,000. Bank of New York Mellon Corp acquired a new position in Brazilian Electric Power during the 1st quarter valued at about $150,000. Sequoia Financial Advisors LLC lifted its position in Brazilian Electric Power by 4.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 18,654 shares of the company’s stock valued at $210,000 after purchasing an additional 802 shares during the period. Sanctuary Advisors LLC lifted its position in Brazilian Electric Power by 28.2% during 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. Finally, Walleye Capital LLC acquired a new position in Brazilian Electric Power during the 1st quarter valued at about $274,000. 2.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AXIA has been the topic of a number of recent analyst reports. Weiss Ratings initiated coverage on Brazilian Electric Power in a research note on Tuesday, April 7th. They issued 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 note on Saturday, May 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Brazilian Electric Power currently has a consensus 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.