Companhia Paranaense de Energia – Copel (NYSE:ELPC) Director Pedro Franco Sales Sells 50,000 Shares of Company Stock

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) Director Pedro Franco Sales sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $3.48, for a total value 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. This trade represents a 66.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Companhia Paranaense de Energia – Copel Stock Up 0.8%

Companhia Paranaense de Energia – Copel stock traded up $0.12 during mid-day trading on Tuesday, hitting $14.06. The company had a trading volume of 158,705 shares, compared to its average volume of 405,412. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 1 year low of $8.73 and a 1 year high of $14.51. The business has a fifty day moving average of $12.29 and a 200 day moving average of $12.11. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.70 and a beta of -0.10.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Equities analysts anticipate that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.82 earnings per share for the current year.

Companhia Paranaense de Energia – Copel Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently weighed in on ELPC. Wall Street Zen cut shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings 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 worth $214,000 after acquiring an additional 3,079 shares during the period. QRG Capital Management Inc. lifted its holdings in Companhia Paranaense de Energia – Copel by 13.6% in the second quarter. QRG Capital Management Inc. now owns 14,961 shares of the company’s stock valued at $174,000 after acquiring an additional 1,786 shares during the period. Altar Rock LLC purchased a new stake in shares of Companhia Paranaense de Energia – Copel during the 2nd quarter worth $121,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Companhia Paranaense de Energia – Copel during the 2nd quarter worth $291,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Companhia Paranaense de Energia – Copel during the 2nd quarter worth $173,000.

About Companhia Paranaense de Energia – Copel

Companhia Paranaense de Energia, known as Copel, is a Brazilian energy and telecommunications company headquartered in the state of Paraná. Founded in 1954, the company operates primarily in Brazil and has historically played a central role in the development of Paraná’s electricity infrastructure.

Copel’s principal activities include the generation, transmission and distribution of electricity. Its generation portfolio includes hydroelectric and wind power assets, while its transmission and distribution businesses deliver electricity to customers across Paraná.