De Lima Filho Pedro Batista Sells 1,397,982 Shares of Brazilian Electric Power (NYSE:AXIA) Stock

Brazilian Electric Power Co (NYSE:AXIA) Director De Lima Filho Pedro Batista sold 1,397,982 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $12.54, for a total transaction of $17,530,694.28. Following the sale, the director owned 148,050 shares in the company, valued at approximately $1,856,547. This trade represents a 90.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, April 17th, De Lima Filho Pedro Batista sold 1,640,600 shares of Brazilian Electric Power stock. The stock was sold at an average price of $12.46, for a total transaction of $20,441,876.00.

Brazilian Electric Power Stock Performance

Shares of NYSE AXIA opened at $12.65 on Friday. Brazilian Electric Power Co has a 1 year low of $6.71 and a 1 year high of $13.54. The company has a market cap of $28.46 billion, a P/E ratio of 19.23, a PEG ratio of 1.83 and a beta of 0.53. The company has a current ratio of 1.68, a quick ratio of 1.67 and a debt-to-equity ratio of 0.52.

Analysts Set New Price Targets

AXIA has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Brazilian Electric Power from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Weiss Ratings assumed coverage on shares of Brazilian Electric Power in a report on Tuesday, April 7th. They issued a “hold (c)” rating for the company. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average 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 position in shares of Brazilian Electric Power Co (NYSE:AXIA) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,437 shares of the company’s stock, valued at approximately $118,000. 2.64% of the stock is owned by hedge funds and other institutional investors.

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.