De Lima Filho Pedro Batista Sells 555,300 Shares of Brazilian Electric Power (NYSE:AXIA) Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 555,300 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $9.88, for a total value of $5,486,364.00. Following the completion of the sale, the director owned 120,100 shares in the company, valued at approximately $1,186,588. This trade represents a 82.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, May 29th, De Lima Filho Pedro Batista sold 2,249,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.43, for a total value of $23,459,156.00.
• On Friday, May 29th, De Lima Filho Pedro Batista purchased 1,234,900 shares of Brazilian Electric Power stock. The stock was acquired at an average price of $10.78 per share, for a total transaction of $13,312,222.00.
• On Monday, May 25th, De Lima Filho Pedro Batista sold 234,300 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.46, for a total value of $2,450,778.00.
• On Friday, May 22nd, De Lima Filho Pedro Batista sold 714,500 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.40, for a total value of $7,430,800.00.
• On Wednesday, May 20th, De Lima Filho Pedro Batista sold 941,500 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.60, for a total value of $9,979,900.00.
• On Monday, May 18th, De Lima Filho Pedro Batista sold 751,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.51, for a total value 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 purchased at an average price of $11.27 per share, for a total transaction of $558,992.00.
• On Friday, May 15th, De Lima Filho Pedro Batista sold 861,500 shares of Brazilian Electric Power stock. The stock was 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 stock was 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 stock was sold at an average price of $11.05, for a total value of $7,148,245.00.

Brazilian Electric Power Trading Down 0.3%

AXIA stock opened at $9.99 on Friday. 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 cap of $22.48 billion, a price-to-earnings ratio of 55.49, a PEG ratio of 1.44 and a beta of 0.46. Brazilian Electric Power Co has a fifty-two week low of $6.71 and a fifty-two week high of $13.54.

Wall Street Analyst Weigh In

AXIA has been the topic of several recent research reports. Weiss Ratings initiated coverage on Brazilian Electric Power in a research report on Tuesday, April 7th. They set a “hold (c)” rating on the stock. Wall Street Zen upgraded 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, the company presently has an average rating of “Hold”.

Institutional Trading of Brazilian Electric Power

Large investors have recently modified their holdings of the stock. Traveka Wealth LLC acquired a new stake in shares of Brazilian Electric Power during the 1st quarter worth $118,000. Bank of New York Mellon Corp acquired a new stake in shares of Brazilian Electric Power during the 1st quarter worth $150,000. Sequoia Financial Advisors LLC grew its holdings in shares of Brazilian Electric Power by 4.5% during the 1st 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. Sanctuary Advisors LLC grew its holdings 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 purchasing an additional 4,834 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Brazilian Electric Power during the 1st quarter worth $274,000. 2.64% of the stock is owned by institutional investors and hedge funds.

About Brazilian Electric Power

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.