Brazilian Electric Power (NYSE:AXIA) Director Sells $322,372.00 in Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 33,200 shares of Brazilian Electric Power stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $9.71, for a total transaction of $322,372.00. Following the completion of the transaction, the director owned 364,685 shares of the company’s stock, valued at $3,541,091.35. This represents a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, August 17th, De Lima Filho Pedro Batista bought 12,800 shares of Brazilian Electric Power stock. The shares were bought 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 transaction of $433,350.00.
• 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 bought 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 stock was 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 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 stock was bought 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.

Brazilian Electric Power Stock Performance

Shares of NYSE AXIA remained flat at $10.22 during mid-day trading on Wednesday. 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 50-day moving average of $10.27. The company 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 debt-to-equity ratio of 0.52, a quick ratio of 2.11 and a current ratio of 2.11.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AXIA. Weiss Ratings restated 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 report on Saturday, July 18th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Brazilian Electric Power currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kapitalo Investimentos Ltda grew its holdings in Brazilian Electric Power by 146.9% in the first quarter. Kapitalo Investimentos Ltda now owns 187,303 shares of the company’s stock worth $2,113,000 after purchasing an additional 111,448 shares during the period. Sei Investments Co. bought a new position in shares of Brazilian Electric Power during the first quarter valued at $461,000. Measured Wealth Private Client Group LLC purchased a new stake in Brazilian Electric Power during the 1st quarter valued at about $323,000. D.A. Davidson & CO. bought a new stake in Brazilian Electric Power during the 1st quarter valued at about $312,000. Finally, Walleye Capital LLC purchased a new stake in shares of Brazilian Electric Power during the first quarter valued at approximately $274,000. Hedge funds and other 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.