Brazilian Electric Power (NYSE:AXIA) Director Sells 136,200 Shares of Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 136,200 shares of Brazilian Electric Power stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $10.27, for a total value of $1,398,774.00. Following the completion of the transaction, the director owned 367,585 shares in the company, valued at approximately $3,775,097.95. This represents a 27.04% decrease in their position. The transaction was disclosed in a legal filing 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 Friday, August 7th, De Lima Filho Pedro Batista purchased 85,200 shares of Brazilian Electric Power stock. The stock was bought at an average price 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 transaction 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 shares were 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 acquired 362,600 shares of Brazilian Electric Power stock. The stock was purchased at an average cost of $10.26 per share, with a total value of $3,720,276.00.
• On Monday, June 29th, De Lima Filho Pedro Batista sold 478,900 shares of Brazilian Electric Power stock. The stock was 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 stock was 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 value of $6,052,675.00.
• On Wednesday, June 10th, De Lima Filho Pedro Batista sold 30,200 shares of Brazilian Electric Power stock. The stock was sold at an average price of $9.59, for a total value of $289,618.00.
• 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 transaction of $3,960,000.00.

Brazilian Electric Power Price Performance

Brazilian Electric Power stock remained flat at $10.22 during mid-day trading on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.11 and a current ratio of 2.11. Brazilian Electric Power Co has a 52 week low of $7.55 and a 52 week high of $13.54. The firm has a fifty day moving average price of $10.24. The firm has a market cap of $28.94 billion, a price-to-earnings ratio of 56.78, a PEG ratio of 3.07 and a beta of 0.47.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Brazilian Electric Power

Institutional investors have recently made changes to their positions in the company. Traveka Wealth LLC bought a new stake in Brazilian Electric Power in the 1st quarter worth about $118,000. Bank of New York Mellon Corp purchased a new stake in shares of Brazilian Electric Power during the 1st quarter valued at $150,000. Sequoia Financial Advisors LLC raised its stake 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 worth $210,000 after purchasing an additional 802 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Brazilian Electric Power by 28.2% during 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 period. Finally, Walleye Capital LLC purchased a new position in shares of Brazilian Electric Power in the 1st quarter worth about $274,000. Institutional investors own 2.64% of the company’s stock.

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.