Letko Brosseau & Associates Inc. Boosts Position in Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC

Letko Brosseau & Associates Inc. increased its stake in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 10,965.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,276,402 shares of the company’s stock after buying an additional 7,210,646 shares during the period. Letko Brosseau & Associates Inc. owned 0.98% of Companhia Paranaense de Energia – Copel worth $69,199,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in Companhia Paranaense de Energia – Copel by 8,715.5% in the 4th quarter. Farther Finance Advisors LLC now owns 5,113 shares of the company’s stock worth $49,000 after buying an additional 5,055 shares during the period. EverSource Wealth Advisors LLC increased its stake in Companhia Paranaense de Energia – Copel by 222.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,994 shares of the company’s stock worth $57,000 after buying an additional 4,134 shares during the period. Parallel Advisors LLC increased its stake in Companhia Paranaense de Energia – Copel by 491.2% in the 4th quarter. Parallel Advisors LLC now owns 6,237 shares of the company’s stock worth $59,000 after buying an additional 5,182 shares during the period. CWM LLC increased its stake in Companhia Paranaense de Energia – Copel by 686.8% in the 4th quarter. CWM LLC now owns 6,373 shares of the company’s stock worth $61,000 after buying an additional 5,563 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in Companhia Paranaense de Energia – Copel in the 4th quarter worth about $75,000.

Companhia Paranaense de Energia – Copel Stock Performance

NYSE ELPC opened at $11.34 on Wednesday. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 0.95 and a beta of -0.07. The company’s 50-day simple moving average is $12.34 and its two-hundred day simple moving average is $11.00. Companhia Paranaense de Energia – Copel Unsponsored ADR has a one year low of $7.32 and a one year high of $13.70.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last posted its earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.13 billion. Equities 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. Shareholders of record on Friday, May 1st will be given 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 101.75%.

Insider Buying and Selling

In other Companhia Paranaense de Energia – Copel news, Director Pedro Franco Sales sold 153,700 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $3.19, for a total transaction of $490,303.00. Following the transaction, the director owned 74,844 shares of the company’s stock, valued at approximately $238,752.36. This trade represents a 67.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

Several research firms recently commented on ELPC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Monday, April 20th. Wall Street Zen downgraded shares of 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 given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Companhia Paranaense de Energia – Copel currently has an average rating of “Moderate Buy” and a consensus target price of $10.40.

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.