Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC Stock Acquired by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. grew its position in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 6.5% in the third quarter, Holdings Channel reports. The fund owned 7,811,697 shares of the company’s stock after buying an additional 477,725 shares during the quarter. Letko Brosseau & Associates Inc.’s holdings in Companhia Paranaense de Energia – Copel were worth $97,021,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ELPC. Eurizon Capital SGR S.p.A. grew its holdings in shares of Companhia Paranaense de Energia – Copel by 144.6% in the third quarter. Eurizon Capital SGR S.p.A. now owns 30,259 shares of the company’s stock valued at $369,000 after purchasing an additional 17,887 shares in the last quarter. Ethic Inc. raised its stake in Companhia Paranaense de Energia – Copel by 28.5% during the third quarter. Ethic Inc. now owns 198,184 shares of the company’s stock valued at $2,461,000 after purchasing an additional 43,903 shares in the last quarter. Ascent Group LLC purchased a new stake in Companhia Paranaense de Energia – Copel during the third quarter valued at $295,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Companhia Paranaense de Energia – Copel during the third quarter valued at $1,003,000. Finally, GAMMA Investing LLC lifted its position in Companhia Paranaense de Energia – Copel by 21.7% during the third quarter. GAMMA Investing LLC now owns 17,265 shares of the company’s stock valued at $214,000 after purchasing an additional 3,079 shares during the last quarter.

Companhia Paranaense de Energia – Copel Price Performance

NYSE:ELPC opened at $10.66 on Friday. The firm has a market capitalization of $7.93 billion and a price-to-earnings ratio of 15.23. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 1 year low of $8.86 and a 1 year high of $14.51. The business has a 50 day simple moving average of $12.42 and a 200-day simple moving average of $11.82.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last announced its earnings results on Thursday, November 12th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.05 billion. As a group, analysts expect that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.82 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – Copel Dividend Announcement

The business also recently declared a special dividend, which was paid on Tuesday, October 13th. Investors of record on Friday, May 1st were given a $0.1904 dividend. The ex-dividend date was Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is currently 85.71%.

Insider Transactions at Companhia Paranaense de Energia – Copel

In other Companhia Paranaense de Energia – Copel news, Director Pedro Sales sold 50,000 shares of Companhia Paranaense de Energia – Copel stock in a transaction on Monday, October 19th. The shares were sold at an average price of $3.48, for a total transaction of $174,000.00. Following the completion of the transaction, the director directly owned 24,844 shares of the company’s stock, valued at $86,457.12. The trade was a 66.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analysts Set New Price Targets

A number of equities analysts have commented on ELPC shares. Zacks Research raised shares of Companhia Paranaense de Energia – Copel from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. Wall Street Zen cut shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. Finally, Weiss Ratings upgraded shares of Companhia Paranaense de Energia – Copel from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $10.40.

Companhia Paranaense de Energia – Copel Company Profile

Companhia Paranaense de Energia, known as Copel, is a Brazilian electric utility headquartered in Curitiba, Paraná. Established in 1954 by the state of Paraná, the company became a privately controlled corporation in 2023. Copel operates across the electricity sector, with activities that include power generation, transmission, distribution and energy trading. Its generation portfolio includes hydroelectric and renewable energy assets, and its transmission and generation operations extend beyond Paraná.