De Lima Filho Pedro Batista Sells 45,000 Shares of Brazilian Electric Power (NYSE:AXIA) Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 45,000 shares of Brazilian Electric Power stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $9.63, for a total transaction of $433,350.00. Following the completion of the transaction, the director directly owned 365,585 shares in the company, valued at $3,520,583.55. This trade represents a 10.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, August 7th, De Lima Filho Pedro Batista sold 136,200 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.27, for a total transaction of $1,398,774.00.
• On Friday, August 7th, De Lima Filho Pedro Batista purchased 85,200 shares of Brazilian Electric Power stock. The shares were purchased 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 shares were sold at an average price of $10.38, for a total value 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 value of $8,192,000.00.
• On Wednesday, July 1st, De Lima Filho Pedro Batista bought 362,600 shares of Brazilian Electric Power stock. The stock was purchased at an average price 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.
• On Wednesday, June 17th, De Lima Filho Pedro Batista sold 460,000 shares of Brazilian Electric Power stock. The shares were sold at an average price of $10.16, for a total transaction of $4,673,600.00.
• On Monday, June 15th, De Lima Filho Pedro Batista sold 597,500 shares of Brazilian Electric Power stock. The stock was sold at an average price of $10.13, for a total transaction 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 transaction of $289,618.00.

Brazilian Electric Power Price Performance

Shares of NYSE AXIA remained flat at $10.22 during mid-day trading on Friday. The stock has a market capitalization 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 has a 50-day moving average price of $10.24. Brazilian Electric Power Co has a 52-week low of $7.55 and a 52-week high of $13.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 2.11.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Sei Investments Co. bought a new stake in Brazilian Electric Power during the first quarter worth $461,000. Walleye Capital LLC bought a new position in shares of Brazilian Electric Power during the 1st quarter valued at approximately $274,000. Cetera Investment Advisers increased its stake 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 first quarter valued at approximately $323,000. Finally, Kapitalo Investimentos Ltda grew its holdings in Brazilian Electric Power by 146.9% during the first quarter. Kapitalo Investimentos Ltda now owns 187,303 shares of the company’s stock valued at $2,113,000 after purchasing an additional 111,448 shares during the period. 2.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.