Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC Stock Position Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 42.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 258,536 shares of the company’s stock after buying an additional 76,653 shares during the quarter. Hsbc Holdings PLC’s holdings in Companhia Paranaense de Energia – Copel were worth $3,087,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federation des caisses Desjardins du Quebec grew its holdings in shares of Companhia Paranaense de Energia – Copel by 143.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock valued at $27,000 after acquiring an additional 1,650 shares in the last quarter. Arax Advisory Partners acquired a new position in shares of Companhia Paranaense de Energia – Copel in the fourth quarter worth $45,000. Farther Finance Advisors LLC boosted its position in Companhia Paranaense de Energia – Copel by 8,715.5% during the fourth quarter. Farther Finance Advisors LLC now owns 5,113 shares of the company’s stock valued at $49,000 after purchasing an additional 5,055 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in Companhia Paranaense de Energia – Copel during the fourth quarter valued at $49,000. Finally, EverSource Wealth Advisors LLC boosted its position in Companhia Paranaense de Energia – Copel by 222.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,994 shares of the company’s stock valued at $57,000 after purchasing an additional 4,134 shares during the last quarter.

Companhia Paranaense de Energia – Copel Stock Down 2.7%

Shares of ELPC opened at $11.43 on Friday. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 0.92 and a beta of -0.07. The company’s fifty day moving average is $11.60 and its 200-day moving average is $11.45. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 12 month low of $7.55 and a 12 month high of $13.70.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released its quarterly earnings data 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 company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, research analysts predict 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 Announces Dividend

The business also recently announced 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 is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is 105.26%.

Insider Buying and Selling at Companhia Paranaense de Energia – Copel

In other Companhia Paranaense de Energia – Copel news, Director Abreu Marco Antonio Villela De sold 32,490 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $2.94, for a total value of $95,520.60. Following the completion of the sale, the director owned 63,546 shares of the company’s stock, valued at $186,825.24. The trade was a 33.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Upgrades and Downgrades

ELPC has been the topic of several research reports. Wall Street Zen lowered Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Friday, July 17th. One 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.40.

Companhia Paranaense de Energia – Copel 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.