Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC Shares Acquired by Blue Trust Inc.

Blue Trust Inc. boosted its position in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 2,635.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 48,055 shares of the company’s stock after buying an additional 46,298 shares during the period. Blue Trust Inc.’s holdings in Companhia Paranaense de Energia – Copel were worth $457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. purchased a new stake in Companhia Paranaense de Energia – Copel during the fourth quarter worth $921,000. GAMMA Investing LLC increased its position in shares of Companhia Paranaense de Energia – Copel by 35,238.9% in the fourth quarter. GAMMA Investing LLC now owns 12,722 shares of the company’s stock valued at $121,000 after buying an additional 12,686 shares in the last quarter. Finally, Optiver Holding B.V. increased its position in shares of Companhia Paranaense de Energia – Copel by 4.0% in the third quarter. Optiver Holding B.V. now owns 299,739 shares of the company’s stock valued at $2,686,000 after buying an additional 11,611 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently commented on ELPC. Wall Street Zen upgraded shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Scotiabank upgraded shares of Companhia Paranaense de Energia – Copel to a “strong-buy” rating in a report on Friday, January 9th. The Goldman Sachs Group assumed coverage on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, January 28th. They set a “buy” rating and a $10.40 target price for the company. Zacks Research raised shares of Companhia Paranaense de Energia – Copel to a “hold” rating in a report on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, January 21st. One research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.

Companhia Paranaense de Energia – Copel Stock Down 0.1%

NYSE ELPC opened at $12.37 on Monday. Companhia Paranaense de Energia – Copel Unsponsored ADR has a fifty-two week low of $6.13 and a fifty-two week high of $12.51. The business has a fifty day moving average of $11.12 and a 200-day moving average of $10.03. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 3.91 and a beta of -0.11.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $4.52 billion.

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.