Brazilian Electric Power (NYSE:AXIA) Insider Sampaio Araujo Camila Gualda Sells 5,800 Shares of Stock

Brazilian Electric Power Co (NYSE:AXIA) insider Sampaio Araujo Camila Gualda sold 5,800 shares of Brazilian Electric Power stock in a transaction on Monday, June 1st. The stock was sold at an average price of $9.78, for a total transaction of $56,724.00. Following the completion of the transaction, the insider directly owned 77,277 shares in the company, valued at approximately $755,769.06. The trade was a 6.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sampaio Araujo Camila Gualda also recently made the following trade(s):

• On Tuesday, April 7th, Sampaio Araujo Camila Gualda sold 20,575 shares of Brazilian Electric Power stock. The stock was sold at an average price of $11.31, for a total transaction of $232,703.25.

Brazilian Electric Power Stock Up 1.9%

Shares of NYSE AXIA opened at $10.37 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.52. Brazilian Electric Power Co has a 52 week low of $6.71 and a 52 week high of $13.54. The firm has a market capitalization of $23.33 billion, a P/E ratio of 57.58, a PEG ratio of 1.46 and a beta of 0.46.

Analysts Set New Price Targets

Several research analysts recently commented on AXIA shares. Wall Street Zen raised shares of Brazilian Electric Power from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings started coverage on shares of Brazilian Electric Power in a research note on Tuesday, April 7th. They issued a “hold (c)” rating on the stock. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Brazilian Electric Power has an average rating of “Hold”.

Institutional Trading of Brazilian Electric Power

Several large investors have recently added to or reduced their stakes in AXIA. Traveka Wealth LLC bought a new stake in Brazilian Electric Power in the first quarter valued at $118,000. Bank of New York Mellon Corp bought a new stake in Brazilian Electric Power in the first quarter valued at $150,000. Sequoia Financial Advisors LLC boosted its holdings in Brazilian Electric Power by 4.5% in 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 boosted its holdings 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 acquiring an additional 4,834 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in Brazilian Electric Power in the first quarter valued at $274,000. Institutional investors own 2.64% of the company’s stock.

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.