Hantz Financial Services Inc. acquired a new stake in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 47,689 shares of the company’s stock, valued at approximately $454,000.
A number of other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its position in shares of Companhia Paranaense de Energia – Copel by 288.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 653,418 shares of the company’s stock valued at $6,214,000 after purchasing an additional 485,063 shares during the last quarter. Optiver Holding B.V. increased its position in shares of Companhia Paranaense de Energia – Copel by 4.0% in the 3rd quarter. Optiver Holding B.V. now owns 299,739 shares of the company’s stock valued at $2,686,000 after purchasing an additional 11,611 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Companhia Paranaense de Energia – Copel in the 4th quarter valued at approximately $921,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Companhia Paranaense de Energia – Copel in the 4th quarter valued at approximately $848,000. Finally, Blue Trust Inc. increased its position in shares of Companhia Paranaense de Energia – Copel by 2,635.1% in the 4th quarter. Blue Trust Inc. now owns 48,055 shares of the company’s stock valued at $457,000 after purchasing an additional 46,298 shares during the last quarter.
Insider Transactions at Companhia Paranaense de Energia – Copel
In other Companhia Paranaense de Energia – Copel news, Director Pedro Franco Sales sold 153,700 shares of the firm’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $3.19, for a total transaction of $490,303.00. Following the transaction, the director directly owned 74,844 shares of the company’s stock, valued at approximately $238,752.36. This trade represents a 67.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Companhia Paranaense de Energia – Copel Price Performance
Companhia Paranaense de Energia – Copel (NYSE:ELPC – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.13 billion. As a group, equities analysts expect that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.74 EPS for the current fiscal year.
Companhia Paranaense de Energia – Copel Dividend Announcement
The firm also recently disclosed a special dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st will be given 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 (DPR) is presently 101.75%.
Analyst Ratings Changes
A number of equities research analysts have commented on ELPC shares. Zacks Research raised shares of Companhia Paranaense de Energia – Copel to a “hold” rating in a research report on Friday, January 30th. Wall Street Zen downgraded shares of Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Companhia Paranaense de Energia – Copel presently has an average rating of “Moderate Buy” and a consensus price target of $10.40.
View Our Latest Report on Companhia Paranaense de Energia – Copel
Companhia Paranaense de Energia – Copel Profile
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.
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