Key Points
- Director De Lima Filho Pedro Batista sold 478,900 shares of Brazilian Electric Power (NYSE:AXIA) on June 29 at an average price of $10.55, for proceeds of about $5.05 million.
- After the sale, he still directly owned 4,649,910 shares valued at roughly $49.06 million, which was a 9.34% decrease in his position.
- The filing shows he has been actively trimming and trading shares throughout June and late May, with multiple large sales offset by a few smaller purchases.
Brazilian Electric Power Co (NYSE:AXIA - Get Free Report) Director De Lima Filho Pedro Batista sold 478,900 shares of Brazilian Electric Power stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $10.55, for a total transaction of $5,052,395.00. Following the transaction, the director directly owned 4,649,910 shares in the company, valued at approximately $49,056,550.50. This represents a 9.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
De Lima Filho Pedro Batista also recently made the following trade(s):
- 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 value of $4,673,600.00.
- On Monday, June 15th, De Lima Filho Pedro Batista sold 597,500 shares of Brazilian Electric Power stock. The shares were 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 shares were 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 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 shares were acquired at an average price of $10.60 per share, for a total transaction of $477,000.00.
- On Monday, June 1st, De Lima Filho Pedro Batista sold 555,300 shares of Brazilian Electric Power stock. The stock was 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 shares were 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 bought 1,234,900 shares of Brazilian Electric Power stock. The shares were acquired at an average cost of $10.78 per share, with a total value of $13,312,222.00.
- On Monday, May 25th, De Lima Filho Pedro Batista sold 234,300 shares of Brazilian Electric Power stock. The shares were 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 stock was sold at an average price of $10.40, for a total value of $7,430,800.00.
Brazilian Electric Power Stock Performance
Shares of NYSE:AXIA opened at $10.39 on Thursday. The stock has a market cap of $29.42 billion, a P/E ratio of 57.73, a P/E/G ratio of 1.52 and a beta of 0.45. The business has a 50-day moving average of $10.97. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Brazilian Electric Power Co has a fifty-two week low of $6.71 and a fifty-two week high of $13.54.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AXIA. Traveka Wealth LLC purchased a new stake in Brazilian Electric Power in the 1st quarter worth about $118,000. Bank of New York Mellon Corp bought a new position in Brazilian Electric Power during the first quarter worth about $150,000. Sequoia Financial Advisors LLC boosted its position in Brazilian Electric Power by 4.5% during the first 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 increased its stake in shares of Brazilian Electric Power by 28.2% in the first quarter. Sanctuary Advisors LLC now owns 21,953 shares of the company's stock worth $248,000 after purchasing an additional 4,834 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in shares of Brazilian Electric Power in the first quarter worth about $274,000. Institutional investors own 2.64% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in 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. Weiss Ratings started coverage on shares of Brazilian Electric Power in a report on Tuesday, April 7th. They issued a "hold (c)" rating on the stock. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".
Get Our Latest Report on AXIA
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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