Brazilian Electric Power Co (NYSE:AXIA – Get Free Report) Director De Lima Filho Pedro Batista sold 941,500 shares of Brazilian Electric Power stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $10.60, for a total transaction of $9,979,900.00. Following the transaction, the director directly owned 658,746 shares in the company, valued at approximately $6,982,707.60. This trade represents a 58.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
De Lima Filho Pedro Batista also recently made the following trade(s):
- 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 transaction of $7,895,112.00.
- On Monday, May 18th, De Lima Filho Pedro Batista purchased 49,600 shares of Brazilian Electric Power stock. The shares were acquired at an average cost 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 transaction 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 transaction 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 transaction 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 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 shares were purchased 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 Trading Down 1.7%
Shares of NYSE AXIA traded down $0.19 during trading on Friday, reaching $10.77. 1,565,329 shares of the stock were exchanged, compared to its average volume of 2,332,383. Brazilian Electric Power Co has a twelve month low of $6.71 and a twelve month 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 stock has a market cap of $24.23 billion, a P/E ratio of 59.81, a PEG ratio of 1.59 and a beta of 0.52.
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 AXIA. Traveka Wealth LLC acquired a new stake in Brazilian Electric Power in the first quarter valued at $118,000. Bank of New York Mellon Corp acquired a new stake in Brazilian Electric Power in the first quarter valued at $150,000. Sequoia Financial Advisors LLC raised its holdings in Brazilian Electric Power by 4.5% in the first quarter. Sequoia Financial Advisors LLC now owns 18,654 shares of the company’s stock valued at $210,000 after acquiring an additional 802 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Brazilian Electric Power by 28.2% in the first quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company’s stock valued at $248,000 after acquiring an additional 4,834 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in Brazilian Electric Power in the first quarter valued at $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.
Featured Stories
- Five stocks we like better than Brazilian Electric Power
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Receive News & Ratings for Brazilian Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brazilian Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.
