Hantz Financial Services Inc. Makes New $454,000 Investment in Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC

Hantz Financial Services Inc. acquired a new position in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 47,689 shares of the company’s stock, valued at approximately $454,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its position in Companhia Paranaense de Energia – Copel by 288.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 653,418 shares of the company’s stock worth $6,214,000 after purchasing an additional 485,063 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Companhia Paranaense de Energia – Copel during the 4th quarter worth $921,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Companhia Paranaense de Energia – Copel during the 4th quarter worth $848,000. Blue Trust Inc. grew its position in Companhia Paranaense de Energia – Copel by 2,635.1% during the 4th quarter. Blue Trust Inc. now owns 48,055 shares of the company’s stock worth $457,000 after purchasing an additional 46,298 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Companhia Paranaense de Energia – Copel in the fourth quarter valued at about $426,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ELPC shares. Wall Street Zen downgraded shares of Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a report on Monday, April 20th. Finally, Zacks Research raised shares of Companhia Paranaense de Energia – Copel to a “hold” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.40.

Insider Buying and Selling

In related news, Director Pedro Franco Sales sold 153,700 shares of the business’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $3.19, for a total transaction of $490,303.00. Following the sale, the director owned 74,844 shares of the company’s stock, valued at approximately $238,752.36. The trade was a 67.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Companhia Paranaense de Energia – Copel Stock Down 1.6%

NYSE ELPC opened at $11.47 on Friday. The stock has a market capitalization of $8.54 billion, a P/E ratio of 20.12, a P/E/G ratio of 0.99 and a beta of 0.06. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 52-week low of $7.32 and a 52-week high of $13.70. The firm has a 50-day moving average price of $12.39 and a 200 day moving average price of $10.94.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.13 billion. On average, equities research analysts expect that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.74 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – Copel Announces Dividend

The business 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 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 currently 101.75%.

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.