Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $14.51 and last traded at $14.3190, with a volume of 541046 shares trading hands. The stock had previously closed at $12.86.
Analyst Upgrades and Downgrades
Several research firms have commented on ELPC. 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 downgraded shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.
Read Our Latest Research Report on ELPC
Companhia Paranaense de Energia – Copel Stock Performance
Companhia Paranaense de Energia – Copel (NYSE:ELPC – Get Free Report) last announced its earnings results 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 business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. On average, equities research analysts forecast that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.82 earnings per share for the current year.
Companhia Paranaense de Energia – Copel Dividend Announcement
The firm also recently declared a special dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st will be issued a $0.1904 dividend. The ex-dividend date of this dividend is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is currently 85.71%.
Hedge Funds Weigh In On Companhia Paranaense de Energia – Copel
Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in Companhia Paranaense de Energia – Copel by 23.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,373 shares of the company’s stock worth $88,000 after purchasing an additional 1,379 shares in the last quarter. Savant Capital LLC acquired a new position in Companhia Paranaense de Energia – Copel during the 4th quarter valued at approximately $113,000. Corient Private Wealth LP acquired a new position in Companhia Paranaense de Energia – Copel during the 2nd quarter valued at approximately $120,000. Altar Rock LLC purchased a new position in shares of Companhia Paranaense de Energia – Copel in the second quarter worth $121,000. Finally, West Family Investments Inc. purchased a new position in shares of Companhia Paranaense de Energia – Copel in the fourth quarter worth $131,000.
Companhia Paranaense de Energia – Copel Company Profile
Companhia Paranaense de Energia, known as Copel, is a Brazilian energy and infrastructure company headquartered in Curitiba, Paraná. Founded in 1954, the company operates primarily in the electricity sector and serves customers in the state of Paraná and other parts of Brazil through its portfolio of energy-related businesses.
Copel’s main activities include the generation, transmission, distribution and sale of electricity. Its generation portfolio includes hydroelectric and wind power assets, while its transmission and distribution operations support the delivery of electricity to residential, commercial and industrial customers.
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