Brazilian Electric Power (NYSE:AXIA) Director De Lima Filho Pedro Batista Sells 30,200 Shares

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 30,200 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $9.59, for a total value of $289,618.00. Following the completion of the sale, the director directly owned 367,727 shares of the company’s stock, valued at approximately $3,526,501.93. This represents a 7.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• 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 purchased 45,000 shares of Brazilian Electric Power stock. The stock was acquired 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.
• On Friday, May 29th, De Lima Filho Pedro Batista purchased 1,234,900 shares of Brazilian Electric Power stock. The stock was acquired at an average price of $10.78 per share, for a total transaction 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 stock was 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 stock was 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 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 stock was acquired at an average price of $11.27 per share, for a total transaction of $558,992.00.

Brazilian Electric Power Trading Down 0.1%

Shares of NYSE:AXIA opened at $10.28 on Friday. Brazilian Electric Power Co has a twelve month low of $6.71 and a twelve month high of $13.54. The stock has a 50 day simple moving average of $11.51. 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 firm has a market cap of $23.13 billion, a P/E ratio of 57.08, a PEG ratio of 1.48 and a beta of 0.46.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Brazilian Electric Power from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Weiss Ratings began coverage on Brazilian Electric Power in a research report on Tuesday, April 7th. They set a “hold (c)” rating for the company. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Traveka Wealth LLC purchased a new position in Brazilian Electric Power during the first quarter valued at approximately $118,000. Bank of New York Mellon Corp purchased a new position in Brazilian Electric Power during the first quarter valued at approximately $150,000. Sequoia Financial Advisors LLC raised 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 valued at $210,000 after acquiring an additional 802 shares in the last quarter. Sanctuary Advisors LLC raised its position in Brazilian Electric Power by 28.2% during 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 purchased a new position in Brazilian Electric Power during the first quarter valued at approximately $274,000. 2.64% of the stock is currently owned by hedge funds and other 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.