Brazilian Electric Power (NYSE:AXIA) Director Sells $433,350.00 in Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 45,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $9.63, for a total transaction of $433,350.00. Following the transaction, the director directly owned 365,585 shares in the company, valued at approximately $3,520,583.55. The trade was a 10.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Friday, August 7th, De Lima Filho Pedro Batista sold 136,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.27, for a total transaction of $1,398,774.00.
• On Friday, August 7th, De Lima Filho Pedro Batista bought 85,200 shares of Brazilian Electric Power stock. The shares were bought at an average cost 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 shares were sold at an average price of $10.04, for a total transaction 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 transaction of $2,655,204.00.
• On Wednesday, July 1st, De Lima Filho Pedro Batista sold 800,000 shares of Brazilian Electric Power stock. The stock was 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 acquired 362,600 shares of Brazilian Electric Power stock. The stock was bought at an average price of $10.26 per share, with a total value of $3,720,276.00.
• On Monday, June 29th, De Lima Filho Pedro Batista sold 478,900 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.55, for a total value of $5,052,395.00.
• On Wednesday, June 17th, De Lima Filho Pedro Batista sold 460,000 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.16, for a total value of $4,673,600.00.
• On Monday, June 15th, De Lima Filho Pedro Batista sold 597,500 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.13, for a total value 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 value of $289,618.00.

Brazilian Electric Power Price Performance

AXIA opened at $10.22 on Monday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.52. Brazilian Electric Power Co has a 52 week low of $7.55 and a 52 week high of $13.54. The stock has a market cap of $28.94 billion, a PE ratio of 56.78, a PEG ratio of 3.07 and a beta of 0.47. The company has a 50 day moving average price of $10.25.

Hedge Funds Weigh In On Brazilian Electric Power

A number of hedge funds have recently bought and sold shares of the company. Kapitalo Investimentos Ltda grew its position in Brazilian Electric Power by 146.9% during the 1st quarter. Kapitalo Investimentos Ltda now owns 187,303 shares of the company’s stock valued at $2,113,000 after purchasing an additional 111,448 shares during the last quarter. Principal Financial Group Inc. raised its holdings 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 worth $1,007,000 after buying an additional 1,559 shares during the last quarter. Sei Investments Co. bought a new position in shares of Brazilian Electric Power in the first quarter worth approximately $461,000. Cetera Investment Advisers lifted its stake in shares of Brazilian Electric Power by 53.6% in the first 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. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Brazilian Electric Power during the first quarter valued at approximately $323,000. Institutional investors own 2.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Brazilian Electric Power in a report on Monday, July 6th. Wall Street Zen lowered shares of Brazilian Electric Power from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Brazilian Electric Power 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.