Companhia Paranaense de Energia – Copel (NYSE:ELPC) Director Sells $95,520.60 in Stock

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) Director Abreu Marco Antonio Villela De sold 32,490 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $2.94, for a total transaction of $95,520.60. Following the sale, the director owned 63,546 shares in the company, valued at approximately $186,825.24. This trade represents a 33.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Companhia Paranaense de Energia – Copel Price Performance

NYSE:ELPC opened at $11.59 on Friday. The firm’s 50-day moving average price is $11.86 and its 200-day moving average price is $11.19. The company has a market capitalization of $8.63 billion, a PE ratio of 20.33, a P/E/G ratio of 0.88 and a beta of -0.07. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 1-year low of $7.32 and a 1-year high of $13.70.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last issued its quarterly earnings results 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 the consensus estimate of $1.13 billion. Equities analysts anticipate that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.76 EPS 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. Shareholders of record on Friday, May 1st will be paid a dividend of $0.1904 per share. The ex-dividend date of this dividend is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is currently 105.26%.

Institutional Trading of Companhia Paranaense de Energia – Copel

Several institutional investors have recently bought and sold shares of ELPC. Letko Brosseau & Associates Inc. raised its holdings in Companhia Paranaense de Energia – Copel by 10,965.8% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 7,276,402 shares of the company’s stock worth $69,199,000 after buying an additional 7,210,646 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Companhia Paranaense de Energia – Copel by 575.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,078,808 shares of the company’s stock valued at $10,259,000 after buying an additional 919,086 shares during the last quarter. SPX Gestao de Recursos Ltda grew its holdings in shares of Companhia Paranaense de Energia – Copel by 1,194.4% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 918,127 shares of the company’s stock valued at $8,731,000 after buying an additional 847,198 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Companhia Paranaense de Energia – Copel by 288.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 653,418 shares of the company’s stock valued at $6,214,000 after acquiring an additional 485,063 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Companhia Paranaense de Energia – Copel during the fourth quarter valued at approximately $3,935,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. 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 lowered Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.