Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 714,500 Shares of Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 714,500 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $10.40, for a total transaction of $7,430,800.00. Following the completion of the sale, the director directly owned 558,346 shares of the company’s stock, valued at $5,806,798.40. The trade was a 56.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 price of $11.27 per share, with a total value of $558,992.00.
• On Friday, May 15th, De Lima Filho Pedro Batista sold 861,500 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.48, for a total value of $9,028,520.00.
• On Wednesday, May 13th, De Lima Filho Pedro Batista sold 666,300 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.74, for a total value of $7,156,062.00.
• On Monday, May 11th, De Lima Filho Pedro Batista sold 646,900 shares of Brazilian Electric Power stock. The shares were sold at an average price of $11.05, for a total value of $7,148,245.00.
• On Friday, May 8th, De Lima Filho Pedro Batista sold 3,938,700 shares of Brazilian Electric Power stock. The shares were sold at an average price of $11.86, for a total value of $46,712,982.00.
• On Friday, May 8th, De Lima Filho Pedro Batista acquired 3,656,500 shares of Brazilian Electric Power stock. The shares were bought at an average price of $11.90 per share, with a total value of $43,512,350.00.
• On Monday, April 20th, De Lima Filho Pedro Batista sold 1,397,982 shares of Brazilian Electric Power stock. The shares were sold at an average price of $12.54, for a total transaction of $17,530,694.28.
• On Friday, April 17th, De Lima Filho Pedro Batista sold 1,640,600 shares of Brazilian Electric Power stock. The shares were sold at an average price of $12.46, for a total transaction of $20,441,876.00.

Brazilian Electric Power Stock Down 0.8%

AXIA stock opened at $10.68 on Wednesday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Brazilian Electric Power Co has a one year low of $6.71 and a one year high of $13.54. The stock has a market cap of $24.04 billion, a price-to-earnings ratio of 59.33, a PEG ratio of 1.55 and a beta of 0.52.

Wall Street Analyst Weigh In

AXIA has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Brazilian Electric Power from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings began coverage on Brazilian Electric Power in a report on Tuesday, April 7th. They issued a “hold (c)” rating for the company. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Institutional Trading of Brazilian Electric Power

A number of hedge funds have recently made changes to their positions in AXIA. Traveka Wealth LLC purchased a new stake in shares of Brazilian Electric Power in the first quarter worth approximately $118,000. Sequoia Financial Advisors LLC lifted its position in shares of Brazilian Electric Power by 4.5% in 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 in the last quarter. Principal Financial Group Inc. lifted its position in shares of 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 purchasing an additional 1,559 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Brazilian Electric Power by 28.2% in the first quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company’s stock worth $248,000 after purchasing an additional 4,834 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Brazilian Electric Power in the first quarter worth approximately $150,000. 2.64% of the stock is owned by hedge funds and other institutional investors.

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.