De Lima Filho Pedro Batista Sells 255,800 Shares of Brazilian Electric Power (NYSE:AXIA) Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 255,800 shares of the firm’s stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of $10.38, for a total value of $2,655,204.00. Following the sale, the director directly owned 4,535,519 shares of the company’s stock, valued at $47,078,687.22. This represents a 5.34% decrease in their position. The transaction was disclosed in a document filed 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, 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 value of $8,192,000.00.
• On Wednesday, July 1st, De Lima Filho Pedro Batista purchased 362,600 shares of Brazilian Electric Power stock. The stock was acquired at an average cost of $10.26 per share, for a total transaction of $3,720,276.00.
• On Monday, June 29th, De Lima Filho Pedro Batista sold 478,900 shares of Brazilian Electric Power stock. The stock was 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 transaction 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 transaction of $6,052,675.00.
• On Wednesday, June 10th, De Lima Filho Pedro Batista sold 30,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $9.59, for a total transaction of $289,618.00.
• On Wednesday, June 3rd, De Lima Filho Pedro Batista sold 400,000 shares of Brazilian Electric Power stock. The shares were 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 bought 45,000 shares of Brazilian Electric Power stock. The shares were bought at an average price of $10.60 per share, for a total transaction 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.

Brazilian Electric Power Trading Down 0.1%

AXIA opened at $10.30 on Thursday. Brazilian Electric Power Co has a 1-year low of $6.71 and a 1-year high of $13.54. 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 company has a market capitalization of $29.18 billion, a P/E ratio of 57.25, a P/E/G ratio of 1.49 and a beta of 0.45. The firm has a fifty day moving average of $10.74.

Analyst Ratings Changes

A number of analysts recently commented on AXIA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brazilian Electric Power in a research report on Monday. Wall Street Zen upgraded Brazilian Electric Power from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AXIA. Sei Investments Co. purchased a new stake in shares of Brazilian Electric Power during the first quarter valued at approximately $461,000. Walleye Capital LLC bought a new position in Brazilian Electric Power in the 1st quarter valued at $274,000. Cetera Investment Advisers grew its stake in 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 purchasing an additional 13,237 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Brazilian Electric Power during the 1st quarter valued at $323,000. Finally, Kapitalo Investimentos Ltda increased its position in shares of 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. 2.64% of the stock is owned by 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.