Companhia Paranaense de Energia – Copel (NYSE:ELPC) Director Abreu Marco Antonio Villela De Sells 32,490 Shares of Stock

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) Director Abreu Marco Antonio Villela De sold 32,490 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $2.94, for a total value of $95,520.60. Following the transaction, the director owned 63,546 shares of the company’s stock, valued at $186,825.24. This represents a 33.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Companhia Paranaense de Energia – Copel Stock Performance

Shares of NYSE ELPC opened at $11.59 on Friday. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 52-week low of $7.32 and a 52-week high of $13.70. The business has a fifty day moving average of $11.90 and a two-hundred day moving average of $11.19. The stock has a market cap of $8.63 billion, a PE ratio of 20.33, a PEG ratio of 0.87 and a beta of -0.07.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last posted its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.13 billion. Analysts predict that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.76 earnings per share for the current year.

Companhia Paranaense de Energia – Copel Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.1904 per share. The ex-dividend date of this dividend is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio is currently 101.75%.

Wall Street Analysts Forecast Growth

ELPC has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Monday, April 20th. Wall Street Zen lowered Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.40.

Hedge Funds Weigh In On Companhia Paranaense de Energia – Copel

Several large investors have recently made changes to their positions in ELPC. Federation des caisses Desjardins du Quebec increased its position in Companhia Paranaense de Energia – Copel by 143.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock worth $27,000 after purchasing an additional 1,650 shares during the period. Arax Advisory Partners acquired a new position in Companhia Paranaense de Energia – Copel during the 4th quarter valued at about $45,000. Farther Finance Advisors LLC lifted its position in Companhia Paranaense de Energia – Copel by 8,715.5% during the 4th quarter. Farther Finance Advisors LLC now owns 5,113 shares of the company’s stock valued at $49,000 after purchasing an additional 5,055 shares during the period. Atlas Capital Advisors Inc. bought a new position in shares of Companhia Paranaense de Energia – Copel in the 4th quarter valued at about $49,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Companhia Paranaense de Energia – Copel by 222.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,994 shares of the company’s stock valued at $57,000 after purchasing an additional 4,134 shares during the last quarter.

About Companhia Paranaense de Energia – Copel

Companhia Paranaense de Energia – Copel is a Brazilian utility company primarily engaged in the generation, transmission and distribution of electricity. Established in 1954, Copel operates a diversified portfolio of power plants, with a strong emphasis on hydroelectric facilities supplemented by thermal and renewable energy sources. The company’s integrated network spans the entirety of Paraná state, delivering electricity services to residential, commercial and industrial customers through a combination of high-voltage transmission lines and local distribution networks.

In addition to its core power business, Copel has expanded into telecommunications through its Copel Telecom subsidiary.