Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 80,731 shares of the company’s stock, valued at approximately $1,003,000.
Other hedge funds also recently bought and sold shares of the company. Quantinno Capital Management LP increased its holdings in shares of Companhia Paranaense de Energia – Copel by 27.1% in the 1st quarter. Quantinno Capital Management LP now owns 394,375 shares of the company’s stock valued at $4,709,000 after acquiring an additional 84,121 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Companhia Paranaense de Energia – Copel by 42.1% during the 1st quarter. Hsbc Holdings PLC now owns 258,536 shares of the company’s stock worth $3,087,000 after purchasing an additional 76,653 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Companhia Paranaense de Energia – Copel during the 1st quarter worth $540,000. NewEdge Advisors LLC boosted its position in Companhia Paranaense de Energia – Copel by 16,094.0% during the second quarter. NewEdge Advisors LLC now owns 40,323 shares of the company’s stock valued at $470,000 after purchasing an additional 40,074 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in Companhia Paranaense de Energia – Copel during the second quarter valued at about $291,000.
Insider Buying and Selling
In other Companhia Paranaense de Energia – Copel news, Director Pedro Sales sold 50,000 shares of the stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $3.48, for a total value of $174,000.00. Following the completion of the sale, the director directly owned 24,844 shares in the company, valued at approximately $86,457.12. This trade represents a 66.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Companhia Paranaense de Energia – Copel Trading Up 0.2%
Shares of ELPC opened at $10.72 on Monday. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 12 month low of $8.86 and a 12 month high of $14.51. The stock has a fifty day moving average price of $12.49 and a 200-day moving average price of $11.81. The firm has a market cap of $7.98 billion and a PE ratio of 15.32.
Companhia Paranaense de Energia – Copel Dividend Announcement
The firm also recently announced a special dividend, which was paid on Tuesday, October 13th. Investors of record on Friday, May 1st were given a dividend of $0.1904 per share. The ex-dividend date of this dividend was Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio is currently 85.71%.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Zacks Research raised shares of Companhia Paranaense de Energia – Copel from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 28th. Finally, Weiss Ratings upgraded shares of Companhia Paranaense de Energia – Copel from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $10.40.
Read Our Latest Research Report on ELPC
About Companhia Paranaense de Energia – Copel
Companhia Paranaense de Energia, known as Copel, is a Brazilian electric utility headquartered in Curitiba, Paraná. Established in 1954 by the state of Paraná, the company became a privately controlled corporation in 2023.
Copel operates across the electricity sector, with activities that include power generation, transmission, distribution and energy trading. Its generation portfolio includes hydroelectric and renewable energy assets, and its transmission and generation operations extend beyond Paraná.
The company’s electricity distribution business serves customers across much of Paraná, including residential, commercial and industrial users.
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