Brazilian Electric Power (NYSE:AXIA) Director Sells 30,200 Shares

by · The Markets Daily

Brazilian Electric Power Co (NYSE:AXIA – Get Free Report) Director De Lima Filho Pedro Batista sold 30,200 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $9.59, for a total transaction of $289,618.00. Following the sale, the director directly owned 367,727 shares in the company, valued at $3,526,501.93. The trade was a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 sold 400,000 shares of Brazilian Electric Power stock. The stock was 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 bought 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 value 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 bought at an average cost 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 value 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 value 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 value of $9,979,900.00.
  • 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 value of $7,895,112.00.
  • On Monday, May 18th, De Lima Filho Pedro Batista bought 49,600 shares of Brazilian Electric Power stock. The shares were bought at an average cost of $11.27 per share, with a total value of $558,992.00.

Brazilian Electric Power Price Performance

AXIA stock traded down $0.02 during mid-day trading on Friday, reaching $10.28. 1,948,888 shares of the company traded hands, compared to its average volume of 2,322,498. 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 capitalization of $23.13 billion, a P/E ratio of 57.08, a P/E/G ratio of 1.40 and a beta of 0.46. Brazilian Electric Power Co has a 52-week low of $6.71 and a 52-week high of $13.54. The company has a fifty day moving average price of $11.54.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Weiss Ratings assumed coverage on shares of Brazilian Electric Power in a research note on Tuesday, April 7th. They issued a “hold (c)” rating on the stock. Wall Street Zen upgraded shares of Brazilian Electric Power from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Brazilian Electric Power has a consensus rating of “Hold”.

Read Our Latest Analysis on AXIA

Institutional Investors Weigh In On Brazilian Electric Power

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. purchased a new stake in Brazilian Electric Power in the first quarter valued at approximately $461,000. Walleye Capital LLC bought a new stake in Brazilian Electric Power during the first quarter valued at approximately $274,000. Cetera Investment Advisers increased its holdings in shares of Brazilian Electric Power by 53.6% in the 1st quarter. Cetera Investment Advisers now owns 37,934 shares of the company’s stock worth $428,000 after buying an additional 13,237 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Brazilian Electric Power in the 1st quarter worth $323,000. Finally, Kapitalo Investimentos Ltda raised its position in shares of Brazilian Electric Power by 146.9% during the 1st quarter. Kapitalo Investimentos Ltda now owns 187,303 shares of the company’s stock valued at $2,113,000 after buying an additional 111,448 shares in the last quarter. 2.64% of the stock is owned by hedge funds and other institutional investors.

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.

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