Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Get Free Report) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 679,608 shares, a drop of 61.0% from the May 14th total of 1,744,070 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 438,085 shares, the short-interest ratio is presently 1.6 days.
Analyst Ratings Changes
ELPC has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Monday, April 20th. Wall Street Zen downgraded shares of Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Companhia Paranaense de Energia – Copel currently has an average rating of “Moderate Buy” and a consensus price target of $10.40.
View Our Latest Stock Analysis on Companhia Paranaense de Energia – Copel
Insider Buying and Selling at Companhia Paranaense de Energia – Copel
Institutional Investors Weigh In On Companhia Paranaense de Energia – Copel
Several hedge funds have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Companhia Paranaense de Energia – Copel by 288.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 653,418 shares of the company’s stock worth $6,214,000 after acquiring an additional 485,063 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Companhia Paranaense de Energia – Copel during the fourth quarter worth approximately $921,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Companhia Paranaense de Energia – Copel during the fourth quarter worth approximately $848,000. Blue Trust Inc. boosted its holdings in shares of Companhia Paranaense de Energia – Copel by 2,635.1% during the fourth quarter. Blue Trust Inc. now owns 48,055 shares of the company’s stock worth $457,000 after acquiring an additional 46,298 shares during the period. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Companhia Paranaense de Energia – Copel during the fourth quarter worth approximately $588,000.
Companhia Paranaense de Energia – Copel Price Performance
Companhia Paranaense de Energia – Copel stock traded up $0.21 during mid-day trading on Friday, hitting $11.60. 344,312 shares of the company’s stock traded hands, compared to its average volume of 330,653. The firm has a 50 day simple moving average of $12.31 and a two-hundred day simple moving average of $11.03. Companhia Paranaense de Energia – Copel has a fifty-two week low of $7.32 and a fifty-two week high of $13.70. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 0.97 and a beta of -0.07.
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 (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, research analysts anticipate that Companhia Paranaense de Energia – Copel will post 0.74 earnings per share for the current fiscal 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 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 currently 101.75%.
Companhia Paranaense de Energia – Copel Company 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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