Brazilian Electric Power Co (NYSE:AXIA – Get Free Report) Director De Lima Filho Pedro Batista sold 646,900 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $11.05, for a total transaction of $7,148,245.00. Following the completion of the transaction, the director directly owned 1,120,646 shares in the company, valued at $12,383,138.30. This represents a 36.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
De Lima Filho Pedro Batista also recently made the following trade(s):
- On Friday, May 8th, De Lima Filho Pedro Batista sold 3,938,700 shares of Brazilian Electric Power stock. The stock was sold at an average price of $11.86, for a total transaction of $46,712,982.00.
- On Friday, May 8th, De Lima Filho Pedro Batista bought 3,656,500 shares of Brazilian Electric Power stock. The stock was acquired at an average cost of $11.90 per share, for a total transaction 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 stock was 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 stock was sold at an average price of $12.46, for a total transaction of $20,441,876.00.
Brazilian Electric Power Stock Down 6.4%
Shares of NYSE AXIA traded down $0.76 during midday trading on Wednesday, reaching $10.99. 2,744,856 shares of the stock were exchanged, compared to its average volume of 2,098,324. The company has a market capitalization of $24.72 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.69 and a beta of 0.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 2.11. Brazilian Electric Power Co has a twelve month low of $6.71 and a twelve month high of $13.54.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Brazilian Electric Power
Institutional Trading of Brazilian Electric Power
Several institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC increased its holdings in Brazilian Electric Power by 4.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 18,654 shares of the company’s stock valued at $210,000 after purchasing an additional 802 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Brazilian Electric Power by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 89,314 shares of the company’s stock valued at $1,007,000 after purchasing an additional 1,559 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in Brazilian Electric Power by 28.2% in the 1st quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company’s stock valued at $248,000 after purchasing an additional 4,834 shares during the last quarter. Traveka Wealth LLC acquired a new position in shares of Brazilian Electric Power in the first quarter worth $118,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Brazilian Electric Power in the first quarter worth $150,000. Institutional investors and hedge funds own 2.64% of the company’s stock.
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.
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