Short Interest in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) Decreases By 37.4%

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPCGet Free Report) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 382,079 shares, a decrease of 37.4% from the June 15th total of 610,117 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 391,035 shares, the short-interest ratio is currently 1.0 days.

Insider Transactions at Companhia Paranaense de Energia – Copel

In other Companhia Paranaense de Energia – Copel news, Director Abreu Marco Antonio Villela De sold 32,490 shares of the firm’s 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 transaction, the director directly owned 63,546 shares of the company’s stock, valued at $186,825.24. This trade represents a 33.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ELPC. Federation des caisses Desjardins du Quebec lifted its position in Companhia Paranaense de Energia – Copel by 143.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock worth $27,000 after buying an additional 1,650 shares during the last quarter. Arax Advisory Partners purchased a new stake in shares of Companhia Paranaense de Energia – Copel in the 4th quarter valued at $45,000. Farther Finance Advisors LLC boosted its stake in shares of Companhia Paranaense de Energia – Copel by 8,715.5% in 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 in the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Companhia Paranaense de Energia – Copel during the 4th quarter valued at $49,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Companhia Paranaense de Energia – Copel by 222.3% during 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ELPC shares. Wall Street Zen downgraded Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings restated 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 assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Companhia Paranaense de Energia – Copel presently has a consensus 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 Stock Performance

ELPC traded up $0.13 on Friday, reaching $11.58. The company had a trading volume of 343,229 shares, compared to its average volume of 347,466. Companhia Paranaense de Energia – Copel has a 52-week low of $7.53 and a 52-week high of $13.70. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 0.86 and a beta of -0.07. The business has a 50 day simple moving average of $11.64 and a 200 day simple moving average of $11.36.

Companhia Paranaense de Energia – Copel (NYSE:ELPCGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, equities research analysts predict that Companhia Paranaense de Energia – Copel will post 0.76 EPS for the current fiscal year.

Companhia Paranaense de Energia – Copel Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, October 13th. Investors 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 payout ratio is 105.26%.

Companhia Paranaense de Energia – Copel Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Companhia Paranaense de Energia - Copel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Paranaense de Energia - Copel and related companies with MarketBeat.com's FREE daily email newsletter.