Companhia Paranaense de Energia – Copel (NYSE:ELPC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Companhia Paranaense de Energia – Copel (NYSE:ELPC) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

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

Companhia Paranaense de Energia – Copel Trading Up 0.2%

Shares of Companhia Paranaense de Energia – Copel stock opened at $12.28 on Friday. The stock has a 50-day moving average price of $11.49 and a 200 day moving average price of $11.76. The company has a market cap of $9.14 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.49 and a beta of -0.08. Companhia Paranaense de Energia – Copel has a 1 year low of $8.25 and a 1 year high of $13.70.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released its earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. On average, equities analysts forecast that Companhia Paranaense de Energia – Copel will post 0.82 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – Copel Announces Dividend

The firm also recently announced 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 payout ratio is 85.71%.

Insider Buying and Selling

In other Companhia Paranaense de Energia – Copel news, Director Abreu Marco Antonio Villela De sold 32,490 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $2.94, for a total value of $95,520.60. Following the completion of the sale, the director directly owned 63,546 shares of the company’s stock, valued at $186,825.24. The trade was a 33.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Companhia Paranaense de Energia – Copel

Several hedge funds have recently bought and sold shares of ELPC. Corient Private Wealth LP bought a new position in Companhia Paranaense de Energia – Copel during the second quarter valued at about $120,000. Syon Capital LLC boosted 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 worth $251,000 after acquiring an additional 1,227 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Companhia Paranaense de Energia – Copel by 22.3% during the 2nd quarter. GAMMA Investing LLC now owns 14,186 shares of the company’s stock worth $165,000 after acquiring an additional 2,586 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 acquiring an additional 1,379 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Companhia Paranaense de Energia – Copel by 27.1% in the 1st quarter. Quantinno Capital Management LP now owns 394,375 shares of the company’s stock valued at $4,709,000 after acquiring an additional 84,121 shares in the last quarter.

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.