Companhia Paranaense de Energia – Copel (NYSE:ELPC) Sets New 12-Month High – What’s Next?

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) shares reached a new 52-week high on Monday . The company traded as high as $13.65 and last traded at $13.5550, with a volume of 208435 shares trading hands. The stock had previously closed at $13.33.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ELPC shares. Zacks Research upgraded shares of Companhia Paranaense de Energia – Copel to a “hold” rating in a research note on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Monday. The Goldman Sachs Group assumed coverage on Companhia Paranaense de Energia – Copel in a research report on Wednesday, January 28th. They issued a “buy” rating and a $10.40 target price for the company. Wall Street Zen upgraded Companhia Paranaense de Energia – Copel from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 5th. Finally, Scotiabank raised Companhia Paranaense de Energia – Copel to a “strong-buy” rating in a research report on Friday, January 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 MarketBeat, Companhia Paranaense de Energia – Copel has an average rating of “Moderate Buy” and a consensus price target of $10.40.

Companhia Paranaense de Energia – Copel Stock Performance

The stock has a 50 day moving average of $11.79 and a 200-day moving average of $10.39. The firm has a market capitalization of $10.01 billion, a P/E ratio of 24.45, a PEG ratio of 4.29 and a beta of -0.11.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $4.52 billion. As a group, sell-side analysts expect that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.18 EPS for the current year.

Companhia Paranaense de Energia – Copel Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, October 13th. Investors of record on Friday, May 1st will be issued a $0.1904 dividend. The ex-dividend date of this dividend is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is 105.45%.

Insider Buying and Selling

In related news, Director Pedro Franco Sales sold 153,700 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $3.19, for a total value of $490,303.00. Following the completion of the transaction, the director directly owned 74,844 shares of the company’s stock, valued at approximately $238,752.36. This trade represents a 67.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its holdings in Companhia Paranaense de Energia – Copel by 10.6% in the 1st quarter. Venturi Wealth Management LLC now owns 11,166 shares of the company’s stock worth $133,000 after buying an additional 1,068 shares during the period. SmartHarvest Portfolios LLC bought a new position in Companhia Paranaense de Energia – Copel in the 1st quarter worth approximately $131,000. Banque Cantonale Vaudoise boosted its holdings in Companhia Paranaense de Energia – Copel by 34.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 22,930 shares of the company’s stock worth $274,000 after buying an additional 5,851 shares during the period. Hsbc Holdings PLC purchased a new stake in Companhia Paranaense de Energia – Copel in the 4th quarter worth approximately $1,730,000. Finally, Compound Planning Inc. bought a new position in Companhia Paranaense de Energia – Copel in the 4th quarter valued at $114,000.

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.