Insider Selling: Companhia Paranaense de Energia – Copel (NYSE:ELPC) Director Sells $174,000.00 in Stock

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Get Free Report) Director Pedro Sales sold 50,000 shares of Companhia Paranaense de Energia – Copel stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $3.48, for a total transaction of $174,000.00. Following the transaction, the director directly owned 24,844 shares in the company, valued at $86,457.12. This represents a 66.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Companhia Paranaense de Energia – Copel Price Performance

Shares of NYSE ELPC opened at $13.85 on Friday. The firm has a fifty day moving average price of $12.49 and a 200-day moving average price of $12.14. The stock has a market cap of $10.30 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.68 and a beta of -0.11. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 1 year low of $8.73 and a 1 year high of $14.51.

Companhia Paranaense de Energia – Copel (NYSE:ELPC – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. On average, research analysts expect that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.82 EPS for the current year.

Companhia Paranaense de Energia – Copel Announces Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st were paid a $0.1904 dividend. The ex-dividend date was Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio is presently 85.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen cut Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Companhia Paranaense de Energia – Copel presently has an average rating of “Moderate Buy” and an average price target of $10.40.

View Our Latest Stock Report on Companhia Paranaense de Energia – Copel

Institutional Investors Weigh In On Companhia Paranaense de Energia – Copel

Several institutional investors and hedge funds have recently modified their holdings of ELPC. EverSource Wealth Advisors LLC lifted its holdings in shares of Companhia Paranaense de Energia – Copel by 23.0% in the first quarter. EverSource Wealth Advisors LLC now owns 7,373 shares of the company’s stock worth $88,000 after buying an additional 1,379 shares in the last quarter. Altar Rock LLC bought a new position in shares of Companhia Paranaense de Energia – Copel during the second quarter worth $121,000. Corient Private Wealth LP purchased a new position in Companhia Paranaense de Energia – Copel during the second quarter valued at $120,000. SmartHarvest Portfolios LLC purchased a new position in Companhia Paranaense de Energia – Copel during the first quarter valued at $131,000. Finally, Venturi Wealth Management LLC grew its stake in Companhia Paranaense de Energia – Copel by 10.6% during the first quarter. Venturi Wealth Management LLC now owns 11,166 shares of the company’s stock valued at $133,000 after acquiring an additional 1,068 shares in the last quarter.

About Companhia Paranaense de Energia – Copel

(Get Free Report)

Companhia Paranaense de Energia, known as Copel, is a Brazilian energy and telecommunications company headquartered in the state of Paraná. Founded in 1954, the company operates primarily in Brazil and has historically played a central role in the development of Paraná’s electricity infrastructure.

Copel’s principal activities include the generation, transmission and distribution of electricity. Its generation portfolio includes hydroelectric and wind power assets, while its transmission and distribution businesses deliver electricity to customers across Paraná.

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