Renaissance Technologies LLC Sells 271,633 Shares of Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC

Renaissance Technologies LLC trimmed its stake in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPCFree Report) by 69.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,359 shares of the company’s stock after selling 271,633 shares during the period. Renaissance Technologies LLC’s holdings in Companhia Paranaense de Energia – Copel were worth $1,425,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC increased its holdings in Companhia Paranaense de Energia – Copel by 10.6% during the 1st quarter. Venturi Wealth Management LLC now owns 11,166 shares of the company’s stock worth $133,000 after purchasing an additional 1,068 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in shares of Companhia Paranaense de Energia – Copel by 143.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock valued at $27,000 after purchasing an additional 1,650 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Companhia Paranaense de Energia – Copel by 13.0% in the fourth quarter. Millennium Management LLC now owns 19,083 shares of the company’s stock valued at $181,000 after purchasing an additional 2,190 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Companhia Paranaense de Energia – Copel by 222.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,994 shares of the company’s stock worth $57,000 after buying an additional 4,134 shares during the period. Finally, Arax Advisory Partners acquired a new position in shares of Companhia Paranaense de Energia – Copel during the fourth quarter worth about $45,000.

Wall Street Analyst Weigh In

ELPC has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Friday, July 17th. Wall Street Zen cut shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One investment 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.

View Our Latest Report on Companhia Paranaense de Energia – Copel

Insiders Place Their Bets

In other Companhia Paranaense de Energia – Copel news, Director Abreu Marco Antonio Villela De sold 32,490 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $2.94, for a total transaction of $95,520.60. Following the transaction, the director owned 63,546 shares of the company’s stock, valued at $186,825.24. The trade was a 33.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Companhia Paranaense de Energia – Copel Price Performance

Shares of NYSE:ELPC opened at $10.63 on Thursday. The company’s 50-day moving average price is $11.54 and its two-hundred day moving average price is $11.66. Companhia Paranaense de Energia – Copel Unsponsored ADR has a one year low of $8.00 and a one year high of $13.70. The stock has a market capitalization of $7.91 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.32 and a beta of -0.06.

Companhia Paranaense de Energia – Copel (NYSE:ELPCGet Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. On average, analysts anticipate 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 will be paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st will be paid a $0.1904 dividend. The ex-dividend date is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is currently 85.71%.

Companhia Paranaense de Energia – Copel Profile

(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

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Institutional Ownership by Quarter for Companhia Paranaense de Energia - Copel (NYSE:ELPC)

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