Insider Selling: Brazilian Electric Power (NYSE:AXIA) Director Sells 400,000 Shares of Stock

Posted by Stanley Muller on Jun 5th, 2026

Brazilian Electric Power Co (NYSE:AXIA – Get Free Report) Director De Lima Filho Pedro Batista sold 400,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $9.90, for a total value of $3,960,000.00. Following the transaction, the director directly owned 50,700 shares in the company, valued at $501,930. This trade represents a 88.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

On Wednesday, June 3rd, De Lima Filho Pedro Batista acquired 45,000 shares of Brazilian Electric Power stock. The shares were purchased at an average price of $10.60 per share, with a total value of $477,000.00.
On Monday, June 1st, De Lima Filho Pedro Batista sold 555,300 shares of Brazilian Electric Power stock. The shares were 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 value of $23,459,156.00.
On Friday, May 29th, De Lima Filho Pedro Batista acquired 1,234,900 shares of Brazilian Electric Power stock. The shares were acquired at an average cost of $10.78 per share, with a total value of $13,312,222.00.
On Monday, May 25th, De Lima Filho Pedro Batista sold 234,300 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.46, for a total transaction 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 transaction 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 transaction of $9,979,900.00.
On Monday, May 18th, De Lima Filho Pedro Batista sold 751,200 shares of Brazilian Electric Power stock. The stock was 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 stock was purchased at an average cost of $11.27 per share, with a total value 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.

Brazilian Electric Power Stock Performance

Brazilian Electric Power stock traded down $0.09 during midday trading on Friday, reaching $9.90. 410,147 shares of the stock traded hands, compared to its average volume of 2,319,068. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 2.11. The stock has a market capitalization of $22.27 billion, a price-to-earnings ratio of 54.97, a price-to-earnings-growth ratio of 1.44 and a beta of 0.46. Brazilian Electric Power Co has a 12-month low of $6.71 and a 12-month high of $13.54.

Institutional Investors Weigh In On Brazilian Electric Power

Institutional investors and hedge funds have recently made changes to their positions in the business. Traveka Wealth LLC acquired a new stake in shares of Brazilian Electric Power in the first quarter valued at approximately $118,000. Sequoia Financial Advisors LLC boosted its position in Brazilian Electric Power by 4.5% during the first quarter. Sequoia Financial Advisors LLC now owns 18,654 shares of the company’s stock worth $210,000 after acquiring an additional 802 shares during the last quarter. Principal Financial Group Inc. grew its stake 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 worth $1,007,000 after acquiring an additional 1,559 shares during the period. Sanctuary Advisors LLC increased its stake 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 purchasing an additional 4,834 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Brazilian Electric Power during the first quarter worth about $150,000. 2.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AXIA. Wall Street Zen raised shares of Brazilian Electric Power from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Weiss Ratings assumed coverage on shares of Brazilian Electric Power in a report on Tuesday, April 7th. They issued a “hold (c)” rating for the company. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Get Our Latest Stock Analysis on AXIA

About Brazilian Electric Power

(Get Free Report)

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.