Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 288.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 653,418 shares of the company’s stock after acquiring an additional 485,063 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Companhia Paranaense de Energia – Copel were worth $6,214,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ELPC. Venturi Wealth Management LLC acquired a new position in Companhia Paranaense de Energia – Copel during the 4th quarter worth about $96,000. GAMMA Investing LLC increased its holdings in Companhia Paranaense de Energia – Copel by 35,238.9% during the 4th quarter. GAMMA Investing LLC now owns 12,722 shares of the company’s stock worth $121,000 after purchasing an additional 12,686 shares during the period. Signaturefd LLC increased its holdings in Companhia Paranaense de Energia – Copel by 1,624.7% during the 4th quarter. Signaturefd LLC now owns 19,575 shares of the company’s stock worth $186,000 after purchasing an additional 18,440 shares during the period. Perpetual Ltd purchased a new stake in Companhia Paranaense de Energia – Copel during the 4th quarter worth about $276,000. Finally, Blue Trust Inc. increased its holdings in Companhia Paranaense de Energia – Copel by 2,635.1% during the 4th quarter. Blue Trust Inc. now owns 48,055 shares of the company’s stock worth $457,000 after purchasing an additional 46,298 shares during the period.

Insider Activity at Companhia Paranaense de Energia – Copel

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

Analyst Ratings Changes

Several brokerages have weighed in on ELPC. Zacks Research upgraded Companhia Paranaense de Energia – Copel to a “hold” rating in a report on Friday, January 30th. Wall Street Zen upgraded Companhia Paranaense de Energia – Copel from a “buy” rating to a “strong-buy” rating in a report on Sunday, April 5th. Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Wednesday, January 21st. The Goldman Sachs Group began coverage on Companhia Paranaense de Energia – Copel in a report on Wednesday, January 28th. They set a “buy” rating and a $10.40 price target on the stock. Finally, Scotiabank upgraded Companhia Paranaense de Energia – Copel to a “strong-buy” rating in a report on Friday, January 9th. 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 stock. According to MarketBeat.com, Companhia Paranaense de Energia – Copel has an average rating of “Moderate Buy” and an average target price of $10.40.

Companhia Paranaense de Energia – Copel Stock Performance

ELPC opened at $13.36 on Thursday. Companhia Paranaense de Energia – Copel Unsponsored ADR has a one year low of $6.61 and a one year high of $13.64. The company has a market cap of $9.94 billion, a P/E ratio of 24.28, a PEG ratio of 4.30 and a beta of -0.11. The business’s 50-day simple moving average is $11.56 and its 200-day simple moving average is $10.25.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $4.52 billion.

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.