61,833 Shares in Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC Bought by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. purchased a new position in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 61,833 shares of the company’s stock, valued at approximately $588,000.

A number of other hedge funds have also bought and sold shares of ELPC. Optiver Holding B.V. lifted its holdings in Companhia Paranaense de Energia – Copel by 4.0% during the third quarter. Optiver Holding B.V. now owns 299,739 shares of the company’s stock worth $2,686,000 after acquiring an additional 11,611 shares during the period. GAMMA Investing LLC lifted its holdings in Companhia Paranaense de Energia – Copel by 35,238.9% during the fourth quarter. GAMMA Investing LLC now owns 12,722 shares of the company’s stock worth $121,000 after acquiring an additional 12,686 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in Companhia Paranaense de Energia – Copel during the fourth quarter worth $921,000. Blue Trust Inc. increased its position in Companhia Paranaense de Energia – Copel by 2,635.1% in the fourth quarter. Blue Trust Inc. now owns 48,055 shares of the company’s stock worth $457,000 after buying an additional 46,298 shares during the last quarter. Finally, Perpetual Ltd purchased a new stake in Companhia Paranaense de Energia – Copel in the fourth quarter worth $276,000.

Insider Buying and Selling

In related news, Director Pedro Franco Sales sold 153,700 shares of the business’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $3.19, for a total transaction of $490,303.00. Following the completion of the transaction, the director directly owned 74,844 shares in the company, valued at $238,752.36. The trade was a 67.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Companhia Paranaense de Energia – Copel Stock Up 3.5%

Shares of ELPC opened at $11.43 on Friday. The business’s 50-day moving average price is $12.32 and its 200-day moving average price is $11.02. Companhia Paranaense de Energia – Copel Unsponsored ADR has a twelve month low of $7.32 and a twelve month high of $13.70. The stock has a market cap of $8.50 billion, a PE ratio of 20.05, a P/E/G ratio of 0.94 and a beta of -0.07.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Analysts expect that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.74 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – Copel Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Tuesday, October 13th. Investors of record on Friday, May 1st will be given a dividend of $0.1904 per share. The ex-dividend date is Friday, May 1st. Companhia Paranaense de Energia – Copel’s payout ratio is presently 101.75%.

Wall Street Analyst Weigh In

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

Companhia Paranaense de Energia – Copel Company 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.