Abreu Marco Antonio Villela De Sells 32,490 Shares of Companhia Paranaense de Energia – Copel (NYSE:ELPC) Stock

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) Director Abreu Marco Antonio Villela De sold 32,490 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $2.94, for a total transaction of $95,520.60. Following the completion of the sale, the director owned 63,546 shares of the company’s stock, valued at approximately $186,825.24. The trade was a 33.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Companhia Paranaense de Energia – Copel Trading Down 0.2%

Shares of ELPC opened at $11.59 on Friday. The stock’s 50 day moving average is $11.86 and its two-hundred day moving average is $11.19. Companhia Paranaense de Energia – Copel Unsponsored ADR has a twelve month low of $7.32 and a twelve month high of $13.70. The firm has a market capitalization of $8.63 billion, a PE ratio of 20.33, a P/E/G ratio of 0.88 and a beta of -0.07.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last issued its earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, sell-side analysts predict that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.76 EPS for the current year.

Companhia Paranaense de Energia – Copel Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, October 13th. Investors 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 is currently 105.26%.

Institutional Investors Weigh In On Companhia Paranaense de Energia – Copel

A number of institutional investors and hedge funds have recently modified their holdings of ELPC. Venturi Wealth Management LLC increased its stake in Companhia Paranaense de Energia – Copel by 10.6% in the 1st quarter. Venturi Wealth Management LLC now owns 11,166 shares of the company’s stock valued at $133,000 after purchasing an additional 1,068 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Companhia Paranaense de Energia – Copel by 23.0% during the first 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. Federation des caisses Desjardins du Quebec grew its holdings in 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 valued at $27,000 after purchasing an additional 1,650 shares during the last quarter. Millennium Management LLC grew its holdings in Companhia Paranaense de Energia – Copel by 13.0% in the fourth quarter. Millennium Management LLC now owns 19,083 shares of the company’s stock valued at $181,000 after purchasing an additional 2,190 shares during the last quarter. Finally, Arax Advisory Partners purchased a new position in shares of Companhia Paranaense de Energia – Copel in the fourth quarter valued at $45,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen downgraded Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.40.

About Companhia Paranaense de Energia – Copel

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.