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

Brazilian Electric Power Co (NYSE:AXIAGet Free Report) Director De Lima Filho Pedro Batista sold 255,800 shares of the company’s stock in a transaction on Friday, July 3rd. The shares were sold at an average price of $10.38, for a total transaction of $2,655,204.00. Following the completion of the sale, the director directly owned 4,535,519 shares in the company, valued at $47,078,687.22. This trade represents a 5.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 transaction of $8,192,000.00.
  • On Wednesday, July 1st, De Lima Filho Pedro Batista bought 362,600 shares of Brazilian Electric Power stock. The shares were acquired 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 transaction 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 shares were 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 shares were sold at an average price of $9.59, for a total value 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 value of $3,960,000.00.
  • On Wednesday, June 3rd, De Lima Filho Pedro Batista bought 45,000 shares of Brazilian Electric Power stock. The stock was 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 value 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 value of $23,459,156.00.

Brazilian Electric Power Trading Down 1.0%

Shares of AXIA stock opened at $10.33 on Wednesday. The firm’s 50 day moving average is $10.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.11 and a current ratio of 2.11. The stock has a market capitalization of $29.24 billion, a PE ratio of 57.38, a P/E/G ratio of 1.50 and a beta of 0.45. Brazilian Electric Power Co has a twelve month low of $6.71 and a twelve month high of $13.54.

Institutional Investors Weigh In On Brazilian Electric Power

A number of institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. purchased a new position in Brazilian Electric Power during the first quarter valued at $461,000. Walleye Capital LLC purchased a new stake in shares of Brazilian Electric Power during the first quarter worth about $274,000. Cetera Investment Advisers raised its position in shares of Brazilian Electric Power by 53.6% during the 1st quarter. Cetera Investment Advisers now owns 37,934 shares of the company’s stock worth $428,000 after purchasing an additional 13,237 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Brazilian Electric Power in the 1st quarter valued at about $323,000. Finally, Kapitalo Investimentos Ltda lifted its stake in Brazilian Electric Power by 146.9% in the 1st quarter. Kapitalo Investimentos Ltda now owns 187,303 shares of the company’s stock valued at $2,113,000 after buying an additional 111,448 shares in the last quarter. Institutional investors and hedge funds own 2.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AXIA. Weiss Ratings reiterated a “hold (c)” rating on shares of Brazilian Electric Power in a research note on Monday. Wall Street Zen upgraded Brazilian Electric Power from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

View Our Latest Stock Report on Brazilian Electric Power

Brazilian Electric Power Company Profile

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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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Insider Buying and Selling by Quarter for Brazilian Electric Power (NYSE:AXIA)

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