De Lima Filho Pedro Batista Sells 1,640,600 Shares of Brazilian Electric Power (NYSE:AXIA) Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 1,640,600 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $12.46, for a total value of $20,441,876.00. Following the completion of the sale, the director directly owned 1,146,032 shares in the company, valued at approximately $14,279,558.72. This represents a 58.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, April 20th, De Lima Filho Pedro Batista sold 1,397,982 shares of Brazilian Electric Power stock. The shares were sold at an average price of $12.54, for a total value of $17,530,694.28.

Brazilian Electric Power Stock Down 0.7%

Brazilian Electric Power stock opened at $12.69 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.67 and a current ratio of 1.68. Brazilian Electric Power Co has a one year low of $6.71 and a one year high of $13.54. The firm has a market cap of $28.55 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 1.84 and a beta of 0.53.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen raised Brazilian Electric Power from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Weiss Ratings assumed coverage on Brazilian Electric Power in a research report on Tuesday, April 7th. They issued a “hold (c)” rating on the stock. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Trading of Brazilian Electric Power

An institutional investor recently bought a new position in Brazilian Electric Power stock. Traveka Wealth LLC bought a new stake in shares of Brazilian Electric Power Co (NYSE:AXIA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,437 shares of the company’s stock, valued at approximately $118,000. 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.