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 company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $2.94, for a total transaction of $95,520.60. Following the transaction, the director owned 63,546 shares of the company’s stock, valued at $186,825.24. This represents a 33.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Companhia Paranaense de Energia – Copel Trading Up 0.4%

ELPC traded up $0.05 during midday trading on Thursday, hitting $11.59. 237,710 shares of the company traded hands, compared to its average volume of 339,482. The business has a 50 day simple moving average of $11.93 and a two-hundred day simple moving average of $11.18. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 52-week low of $7.32 and a 52-week high of $13.70. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 0.88 and a beta of -0.07.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released 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 firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.13 billion. Equities research analysts anticipate that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.76 earnings per share for the current year.

Companhia Paranaense de Energia – Copel Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st will be issued a $0.1904 dividend. The ex-dividend date is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is presently 101.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed 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 research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.40.

Institutional Trading of Companhia Paranaense de Energia – Copel

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Venturi Wealth Management LLC raised its holdings in Companhia Paranaense de Energia – Copel by 10.6% in the 1st quarter. Venturi Wealth Management LLC now owns 11,166 shares of the company’s stock valued at $133,000 after buying an additional 1,068 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Companhia Paranaense de Energia – Copel by 23.0% during the first quarter. EverSource Wealth Advisors LLC now owns 7,373 shares of the company’s stock worth $88,000 after purchasing an additional 1,379 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its position in shares of Companhia Paranaense de Energia – Copel by 143.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock worth $27,000 after buying an additional 1,650 shares during the period. Millennium Management LLC grew its stake in shares of 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. Finally, Arax Advisory Partners acquired a new stake in shares of Companhia Paranaense de Energia – Copel in the fourth quarter valued at $45,000.

About Companhia Paranaense de Energia – Copel

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.