Wall Street Zen Downgrades Companhia Paranaense de Energia – Copel (NYSE:ELPC) to Hold

Companhia Paranaense de Energia – Copel (NYSE:ELPC) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.40.

Companhia Paranaense de Energia – Copel Stock Up 0.0%

ELPC stock opened at $11.73 on Friday. The company’s 50-day moving average price is $11.58 and its two-hundred day moving average price is $11.55. The firm has a market cap of $8.73 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.04 and a beta of -0.06. Companhia Paranaense de Energia – Copel has a 12 month low of $7.80 and a 12 month high of $13.70.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, missing the consensus estimate 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 predict that Companhia Paranaense de Energia – Copel will post 0.7 EPS for the current year.

Insiders Place Their Bets

In related news, Director Abreu Marco Antonio Villela De sold 32,490 shares of the business’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 sale, the director owned 63,546 shares in the company, valued at $186,825.24. The trade was a 33.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. bought a new position in Companhia Paranaense de Energia – Copel in the 4th quarter valued at approximately $921,000. Blue Trust Inc. grew 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 acquiring an additional 46,298 shares during the last quarter. Perpetual Ltd bought a new stake in Companhia Paranaense de Energia – Copel during the 4th quarter worth approximately $276,000. Signaturefd LLC increased its position in Companhia Paranaense de Energia – Copel by 1,624.7% in the 4th quarter. Signaturefd LLC now owns 19,575 shares of the company’s stock valued at $186,000 after acquiring an additional 18,440 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in Companhia Paranaense de Energia – Copel in the 4th quarter valued at approximately $96,000.

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.