Brazilian Electric Power (NYSE:AXIA) Director Sells $3,054,880.00 in Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 313,000 shares of Brazilian Electric Power stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $9.76, for a total value of $3,054,880.00. Following the transaction, the director owned 350,885 shares in the company, valued at $3,424,637.60. This represents a 47.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, August 17th, De Lima Filho Pedro Batista sold 33,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $9.71, for a total value of $322,372.00.
• On Monday, August 17th, De Lima Filho Pedro Batista acquired 12,800 shares of Brazilian Electric Power stock. The stock was acquired at an average cost of $9.70 per share, with a total value of $124,160.00.
• On Wednesday, August 12th, De Lima Filho Pedro Batista sold 45,000 shares of Brazilian Electric Power stock. The stock was sold at an average price of $9.63, for a total value of $433,350.00.
• On Friday, August 7th, De Lima Filho Pedro Batista sold 136,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.27, for a total value of $1,398,774.00.
• On Friday, August 7th, De Lima Filho Pedro Batista bought 85,200 shares of Brazilian Electric Power stock. The shares were acquired at an average cost of $10.25 per share, for a total transaction of $873,300.00.
• On Wednesday, July 8th, De Lima Filho Pedro Batista sold 293,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.04, for a total value of $2,943,728.00.
• On Friday, July 3rd, De Lima Filho Pedro Batista sold 255,800 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.38, for a total transaction of $2,655,204.00.
• 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 acquired 362,600 shares of Brazilian Electric Power stock. The shares were bought at an average cost of $10.26 per share, for a total transaction 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.

Brazilian Electric Power Stock Performance

Shares of Brazilian Electric Power stock remained flat at $10.22 on Friday. Brazilian Electric Power Co has a fifty-two week low of $7.55 and a fifty-two week high of $13.54. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The stock has a market cap of $28.94 billion, a P/E ratio of 56.78, a P/E/G ratio of 3.07 and a beta of 0.47. The company’s 50-day simple moving average is $10.28.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brazilian Electric Power in a research report on Monday, July 6th. Wall Street Zen lowered Brazilian Electric Power from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On Brazilian Electric Power

Institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its holdings in shares of Brazilian Electric Power by 4.5% during the 1st 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 during the last quarter. Principal Financial Group Inc. raised its stake in shares of 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 acquiring an additional 1,559 shares in the last quarter. Sanctuary Advisors LLC lifted 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 worth $248,000 after purchasing an additional 4,834 shares during the last quarter. Traveka Wealth LLC acquired a new stake in Brazilian Electric Power in the 1st quarter worth approximately $118,000. Finally, Cetera Investment Advisers boosted its position in Brazilian Electric Power by 53.6% during the first 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 period. 2.64% of the stock is currently owned by institutional investors.

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.