De Lima Filho Pedro Batista Sells 30,200 Shares of Brazilian Electric Power (NYSE:AXIA) Stock

Brazilian Electric Power Co (NYSE:AXIAGet Free Report) Director De Lima Filho Pedro Batista sold 30,200 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $9.59, for a total transaction of $289,618.00. Following the sale, the director directly owned 367,727 shares of the company’s stock, valued at $3,526,501.93. This represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • 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 shares were bought at an average cost 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 stock was sold at an average price of $9.88, for a total transaction of $5,486,364.00.
  • On Friday, May 29th, De Lima Filho Pedro Batista sold 2,249,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.43, for a total transaction of $23,459,156.00.
  • On Friday, May 29th, De Lima Filho Pedro Batista acquired 1,234,900 shares of Brazilian Electric Power stock. The shares were bought at an average cost of $10.78 per share, with a total value of $13,312,222.00.
  • On Monday, May 25th, De Lima Filho Pedro Batista sold 234,300 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.46, for a total transaction of $2,450,778.00.
  • On Friday, May 22nd, De Lima Filho Pedro Batista sold 714,500 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.40, for a total transaction of $7,430,800.00.
  • On Wednesday, May 20th, De Lima Filho Pedro Batista sold 941,500 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.60, for a total transaction of $9,979,900.00.
  • On Monday, May 18th, De Lima Filho Pedro Batista sold 751,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.51, for a total transaction of $7,895,112.00.
  • On Monday, May 18th, De Lima Filho Pedro Batista acquired 49,600 shares of Brazilian Electric Power stock. The shares were bought at an average cost of $11.27 per share, with a total value of $558,992.00.

Brazilian Electric Power Trading Down 0.1%

Brazilian Electric Power stock opened at $10.28 on Friday. The company has a market capitalization of $23.13 billion, a P/E ratio of 57.08, a P/E/G ratio of 1.48 and a beta of 0.46. Brazilian Electric Power Co has a 1-year low of $6.71 and a 1-year high of $13.54. The company has a fifty day simple moving average of $11.51. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.52.

Analyst Ratings Changes

A number of research firms recently weighed in on AXIA. Weiss Ratings began coverage on shares of Brazilian Electric Power in a research report on Tuesday, April 7th. They issued a “hold (c)” rating for the company. Wall Street Zen raised shares of Brazilian Electric Power from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Get Our Latest Research Report on AXIA

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. bought a new position in shares of Brazilian Electric Power in the 1st quarter valued at about $461,000. Cetera Investment Advisers grew its position 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 acquiring an additional 13,237 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Brazilian Electric Power in the 1st quarter valued at about $150,000. Sanctuary Advisors LLC lifted its stake in shares of Brazilian Electric Power by 28.2% during the 1st quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company’s stock worth $248,000 after buying an additional 4,834 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Brazilian Electric Power by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 89,314 shares of the company’s stock worth $1,007,000 after buying an additional 1,559 shares during the last quarter. Institutional investors own 2.64% of the company’s stock.

About Brazilian Electric Power

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Brazilian Electric Power (NYSE:AXIA)

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