Companhia Paranaense de Energia – Copel (NYSE:ELPC) Director Pedro Franco Sales Sells 50,000 Shares of Company Stock

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) Director Pedro Sales sold 50,000 shares of the stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $3.48, for a total value of $174,000.00. Following the sale, the director 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Companhia Paranaense de Energia – Copel Price Performance

ELPC stock opened at $14.02 on Wednesday. The business has a fifty day moving average price of $12.36 and a 200 day moving average price of $12.12. Companhia Paranaense de Energia – Copel Unsponsored ADR has a fifty-two week low of $8.73 and a fifty-two week high of $14.51. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 1.70 and a beta of -0.11.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. On average, equities analysts expect that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.82 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – Copel Dividend Announcement

The firm also recently announced a special dividend, which was paid on Tuesday, October 13th. Stockholders of record on Friday, May 1st were issued a dividend of $0.1904 per share. The ex-dividend date was Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio is presently 85.71%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC bought a new position in shares of Companhia Paranaense de Energia – Copel in the 4th quarter worth $1,730,000. Quantinno Capital Management LP grew its stake in shares of Companhia Paranaense de Energia – Copel by 27.1% during the first quarter. Quantinno Capital Management LP now owns 394,375 shares of the company’s stock worth $4,709,000 after purchasing an additional 84,121 shares during the period. Principal Financial Group Inc. bought a new stake in Companhia Paranaense de Energia – Copel in the first quarter valued at about $540,000. NewEdge Advisors LLC increased its holdings in Companhia Paranaense de Energia – Copel by 16,094.0% in 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 during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in Companhia Paranaense de Energia – Copel in the second quarter valued at about $291,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Thursday, October 15th. Wall Street Zen downgraded shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Companhia Paranaense de Energia – Copel currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.40.

Companhia Paranaense de Energia – Copel Company Profile

Companhia Paranaense de Energia, known as Copel, is a Brazilian energy and telecommunications company headquartered in the state of Paraná. Founded in 1954, the company operates primarily in Brazil and has historically played a central role in the development of Paraná’s electricity infrastructure.

Copel’s principal activities include the generation, transmission and distribution of electricity. Its generation portfolio includes hydroelectric and wind power assets, while its transmission and distribution businesses deliver electricity to customers across Paraná.