Companhia Paranaense de Energia – Copel (NYSE:ELPC) Stock: Insider Pedro Franco Sales Sells 50,000 Shares

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) Director Pedro Sales sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $3.48, for a total transaction of $174,000.00. Following the sale, the director directly owned 24,844 shares in the company, valued at approximately $86,457.12. This represents a 66.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Companhia Paranaense de Energia – Copel Trading Down 1.6%

Shares of Companhia Paranaense de Energia – Copel stock opened at $13.78 on Thursday. The firm’s 50 day simple moving average is $12.42 and its two-hundred day simple moving average is $12.13. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.70 and a beta of -0.11. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 12-month low of $8.73 and a 12-month high of $14.51.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. On average, sell-side analysts predict that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.82 EPS for the current fiscal year.

Companhia Paranaense de Energia – Copel Dividend Announcement

The company also recently announced a special dividend, which was paid on Tuesday, October 13th. Investors of record on Friday, May 1st were given a $0.1904 dividend. The ex-dividend date of this dividend was Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio is presently 85.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ELPC shares. Wall Street Zen cut Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $10.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted its holdings in Companhia Paranaense de Energia – Copel by 10.6% in the first quarter. Venturi Wealth Management LLC now owns 11,166 shares of the company’s stock valued at $133,000 after purchasing an additional 1,068 shares during the last quarter. Syon Capital LLC raised its stake in shares of Companhia Paranaense de Energia – Copel by 6.0% during the 2nd quarter. Syon Capital LLC now owns 21,549 shares of the company’s stock valued at $251,000 after buying an additional 1,227 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Companhia Paranaense de Energia – Copel by 23.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,373 shares of the company’s stock valued at $88,000 after buying an additional 1,379 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Companhia Paranaense de Energia – Copel by 13.6% during the 2nd quarter. QRG Capital Management Inc. now owns 14,961 shares of the company’s stock valued at $174,000 after buying an additional 1,786 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Companhia Paranaense de Energia – Copel by 22.3% in the 2nd quarter. GAMMA Investing LLC now owns 14,186 shares of the company’s stock valued at $165,000 after buying an additional 2,586 shares during the period.

About Companhia Paranaense de Energia – Copel

Companhia Paranaense de Energia, known as Copel, is a Brazilian energy and telecommunications company headquartered in the state of Paraná. Founded in 1954, the company operates primarily in Brazil and has historically played a central role in the development of Paraná’s electricity infrastructure.

Copel’s principal activities include the generation, transmission and distribution of electricity. Its generation portfolio includes hydroelectric and wind power assets, while its transmission and distribution businesses deliver electricity to customers across Paraná.