Hsbc Holdings PLC Acquires Shares of 181,883 Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC

Hsbc Holdings PLC bought a new position in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 181,883 shares of the company’s stock, valued at approximately $1,730,000.

A number of other large investors have also recently modified their holdings of the business. Federation des caisses Desjardins du Quebec increased its stake in shares of Companhia Paranaense de Energia – Copel by 143.5% in the 4th 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 boosted its stake 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 buying an additional 2,190 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Companhia Paranaense de Energia – Copel by 222.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,994 shares of the company’s stock valued at $57,000 after buying an additional 4,134 shares in the last quarter. Arax Advisory Partners bought a new position in Companhia Paranaense de Energia – Copel in the fourth quarter valued at about $45,000. Finally, Farther Finance Advisors LLC grew its position in Companhia Paranaense de Energia – Copel by 8,715.5% in the fourth quarter. Farther Finance Advisors LLC now owns 5,113 shares of the company’s stock valued at $49,000 after acquiring an additional 5,055 shares during the last quarter.

Analyst Upgrades and Downgrades

ELPC has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Monday, April 20th. Wall Street Zen lowered shares of Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.40.

Companhia Paranaense de Energia – Copel Trading Down 0.7%

Companhia Paranaense de Energia – Copel stock opened at $11.71 on Wednesday. The stock has a 50-day moving average price of $11.97 and a two-hundred day moving average price of $11.17. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 12 month low of $7.32 and a 12 month high of $13.70. The company has a market capitalization of $8.72 billion, a PE ratio of 20.54, a P/E/G ratio of 0.89 and a beta of -0.07.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released 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 the consensus estimate of $1.13 billion. As a group, analysts predict that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.76 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – Copel Announces Dividend

The firm 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 of this dividend is Friday, May 1st. Companhia Paranaense de Energia – Copel’s payout ratio is presently 101.75%.

Insiders Place Their Bets

In other Companhia Paranaense de Energia – Copel news, Director Pedro Franco Sales sold 153,700 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $3.19, for a total value of $490,303.00. Following the completion of the transaction, the director directly owned 74,844 shares in the company, valued at approximately $238,752.36. This represents a 67.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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.