Hsbc Holdings PLC Purchases Shares of 181,883 Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC

Hsbc Holdings PLC purchased a new stake in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) in the 4th quarter, HoldingsChannel reports. The fund purchased 181,883 shares of the company’s stock, valued at approximately $1,730,000.

Other hedge funds also recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec lifted its stake in shares of Companhia Paranaense de Energia – Copel by 143.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock worth $27,000 after acquiring an additional 1,650 shares during the period. Arax Advisory Partners bought a new position in Companhia Paranaense de Energia – Copel during the 4th quarter worth approximately $45,000. Farther Finance Advisors LLC lifted its position in shares of Companhia Paranaense de Energia – Copel by 8,715.5% in the 4th quarter. Farther Finance Advisors LLC now owns 5,113 shares of the company’s stock worth $49,000 after purchasing an additional 5,055 shares during the period. Atlas Capital Advisors Inc. acquired a new position in shares of Companhia Paranaense de Energia – Copel in the 4th quarter worth approximately $49,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Companhia Paranaense de Energia – Copel by 222.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,994 shares of the company’s stock valued at $57,000 after purchasing an additional 4,134 shares during the last quarter.

Companhia Paranaense de Energia – Copel Stock Down 0.7%

Shares of ELPC opened at $11.71 on Wednesday. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 12-month low of $7.32 and a 12-month high of $13.70. The stock has a market cap of $8.72 billion, a P/E ratio of 20.54, a P/E/G ratio of 0.89 and a beta of -0.07. The business’s fifty day moving average is $11.97 and its 200 day moving average is $11.17.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share (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 analysts’ expectations of $1.13 billion. On average, analysts expect that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.76 EPS for the current year.

Companhia Paranaense de Energia – Copel Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, October 13th. Investors of record on Friday, May 1st will be given a dividend of $0.1904 per share. The ex-dividend date of this dividend is Friday, May 1st. Companhia Paranaense de Energia – Copel’s payout ratio is presently 101.75%.

Wall Street Analyst Weigh In

ELPC has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Monday, April 20th. Wall Street Zen cut shares of Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.40.

Insider Transactions at Companhia Paranaense de Energia – Copel

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

Companhia Paranaense de Energia – Copel 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.