Hsbc Holdings PLC raised its stake in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Free Report) by 42.1% during the 1st quarter, HoldingsChannel reports. The firm owned 258,536 shares of the company’s stock after purchasing an additional 76,653 shares during the quarter. Hsbc Holdings PLC’s holdings in Companhia Paranaense de Energia – Copel were worth $3,087,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Federation des caisses Desjardins du Quebec lifted its stake 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 worth $27,000 after buying an additional 1,650 shares during the last quarter. Arax Advisory Partners acquired a new position in Companhia Paranaense de Energia – Copel in the 4th quarter valued at $45,000. Farther Finance Advisors LLC grew its stake in 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 buying an additional 5,055 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in Companhia Paranaense de Energia – Copel in the 4th quarter valued at $49,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Companhia Paranaense de Energia – Copel by 222.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,994 shares of the company’s stock worth $57,000 after acquiring an additional 4,134 shares during the period.
Insider Buying and Selling
In other Companhia Paranaense de Energia – Copel news, Director Abreu Marco Antonio Villela De sold 32,490 shares of the 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 sale, the director directly owned 63,546 shares of the company’s stock, valued at $186,825.24. This 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.
Companhia Paranaense de Energia – Copel Stock Down 2.7%
Companhia Paranaense de Energia – Copel (NYSE:ELPC – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.13 billion. Sell-side analysts expect that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.78 earnings per share for the current fiscal year.
Companhia Paranaense de Energia – Copel Dividend Announcement
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 paid a dividend of $0.1904 per share. The ex-dividend date is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio is presently 105.26%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in 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 Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.40.
Get Our Latest Stock Report on Companhia Paranaense de Energia – Copel
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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