Quantinno Capital Management LP Raises Holdings in Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC

Quantinno Capital Management LP raised its stake in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 27.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 394,375 shares of the company’s stock after buying an additional 84,121 shares during the quarter. Quantinno Capital Management LP owned about 0.05% of Companhia Paranaense de Energia – Copel worth $4,709,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sei Investments Co. raised its position in Companhia Paranaense de Energia – Copel by 8.8% in the first quarter. Sei Investments Co. now owns 71,314 shares of the company’s stock valued at $852,000 after purchasing an additional 5,787 shares during the period. Principal Financial Group Inc. acquired a new position in Companhia Paranaense de Energia – Copel during the 1st quarter worth about $540,000. Hsbc Holdings PLC boosted its stake in shares of Companhia Paranaense de Energia – Copel by 42.1% in the first quarter. Hsbc Holdings PLC now owns 258,536 shares of the company’s stock valued at $3,087,000 after purchasing an additional 76,653 shares during the period. QRG Capital Management Inc. acquired a new position in shares of Companhia Paranaense de Energia – Copel in the first quarter worth $157,000. Finally, Venturi Wealth Management LLC increased its position in shares of Companhia Paranaense de Energia – Copel by 10.6% during the first quarter. Venturi Wealth Management LLC now owns 11,166 shares of the company’s stock worth $133,000 after acquiring an additional 1,068 shares during the period.

Wall Street Analyst Weigh In

Several research firms recently commented on ELPC. Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Friday, July 17th. Wall Street Zen cut Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.40.

Companhia Paranaense de Energia – Copel Trading Up 0.6%

ELPC stock opened at $11.65 on Friday. The stock has a market cap of $8.67 billion, a P/E ratio of 16.65, a PEG ratio of 1.03 and a beta of -0.06. Companhia Paranaense de Energia – Copel Unsponsored ADR has a twelve month low of $8.00 and a twelve month high of $13.70. The company’s 50 day moving average is $11.58 and its two-hundred day moving average is $11.61.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last issued its earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. On average, equities research analysts predict that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.7 earnings per share for the current year.

Companhia Paranaense de Energia – Copel Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st will be paid a $0.1904 dividend. The ex-dividend date is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio is currently 85.71%.

Insider Activity

In other Companhia Paranaense de Energia – Copel news, Director Abreu Marco Antonio Villela De sold 32,490 shares of the firm’s stock in a transaction dated 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 approximately $186,825.24. This trade represents a 33.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.