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 Franco 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 value of $174,000.00. Following the sale, the director directly owned 24,844 shares in the company, valued at $86,457.12. This trade represents a 66.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Companhia Paranaense de Energia – Copel Stock Up 0.8%

Shares of ELPC traded up $0.12 on Tuesday, reaching $14.06. The stock had a trading volume of 158,705 shares, compared to its average volume of 405,412. The firm has a market capitalization of $10.47 billion, a PE ratio of 20.17, a PEG ratio of 1.70 and a beta of -0.10. The firm has a 50-day moving average of $12.29 and a 200 day moving average of $12.11. Companhia Paranaense de Energia – Copel Unsponsored ADR has a twelve month low of $8.73 and a twelve month high of $14.51.

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

Companhia Paranaense de Energia – Copel Dividend Announcement

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

Analyst Upgrades and Downgrades

ELPC has been the subject of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Thursday. Wall Street Zen cut Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. One 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.40.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its holdings in shares of Companhia Paranaense de Energia – Copel by 27.1% during the first quarter. Quantinno Capital Management LP now owns 394,375 shares of the company’s stock worth $4,709,000 after buying an additional 84,121 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Companhia Paranaense de Energia – Copel by 42.1% during the first quarter. Hsbc Holdings PLC now owns 258,536 shares of the company’s stock valued at $3,087,000 after buying an additional 76,653 shares during the period. Sei Investments Co. lifted its stake in shares of Companhia Paranaense de Energia – Copel by 8.8% during the first quarter. Sei Investments Co. now owns 71,314 shares of the company’s stock valued at $852,000 after buying an additional 5,787 shares during the period. Principal Financial Group Inc. acquired a new stake in Companhia Paranaense de Energia – Copel during the first quarter worth approximately $540,000. Finally, NewEdge Advisors LLC boosted its position in Companhia Paranaense de Energia – Copel by 16,094.0% during the second quarter. NewEdge Advisors LLC now owns 40,323 shares of the company’s stock worth $470,000 after acquiring an additional 40,074 shares during the last quarter.

Companhia Paranaense de Energia – Copel Company Profile

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.