Optiver Holding B.V. Trims Stock Position in Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC

Optiver Holding B.V. lessened its holdings in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 73.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 98,266 shares of the company’s stock after selling 278,932 shares during the period. Optiver Holding B.V.’s holdings in Companhia Paranaense de Energia – Copel were worth $1,173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in Companhia Paranaense de Energia – Copel by 23.0% during the first quarter. EverSource Wealth Advisors LLC now owns 7,373 shares of the company’s stock valued at $88,000 after buying an additional 1,379 shares during the period. Quantinno Capital Management LP raised its position in Companhia Paranaense de Energia – Copel by 27.1% in the first quarter. Quantinno Capital Management LP now owns 394,375 shares of the company’s stock worth $4,709,000 after acquiring an additional 84,121 shares during the period. Sei Investments Co. boosted its stake in shares of Companhia Paranaense de Energia – Copel by 8.8% during the 1st quarter. Sei Investments Co. now owns 71,314 shares of the company’s stock worth $852,000 after acquiring an additional 5,787 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Companhia Paranaense de Energia – Copel during the 1st quarter worth $540,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Companhia Paranaense de Energia – Copel by 42.1% during the 1st quarter. Hsbc Holdings PLC now owns 258,536 shares of the company’s stock worth $3,087,000 after acquiring an additional 76,653 shares during the last quarter.

Analyst Upgrades and Downgrades

ELPC has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Friday, July 17th. Wall Street Zen cut Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Companhia Paranaense de Energia – Copel currently has an average rating of “Moderate Buy” and an average target price of $10.40.

Companhia Paranaense de Energia – Copel Trading Down 0.6%

Shares of NYSE:ELPC opened at $11.73 on Friday. The stock has a 50 day moving average of $11.58 and a 200 day moving average of $11.53. The company has a market cap of $8.73 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.04 and a beta of -0.07. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 12-month low of $7.80 and a 12-month high of $13.70.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.13 billion. Equities research analysts predict that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.7 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – Copel Dividend Announcement

The company also recently declared a special dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st will be given a $0.1904 dividend. The ex-dividend date is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio is presently 105.26%.

Insider Activity

In other news, Director Abreu Marco Antonio Villela De sold 32,490 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $2.94, for a total value of $95,520.60. Following the completion of the sale, the director directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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.