61,833 Shares in Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC Purchased by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. bought a new position in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 61,833 shares of the company’s stock, valued at approximately $588,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in Companhia Paranaense de Energia – Copel by 222.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,994 shares of the company’s stock worth $57,000 after buying an additional 4,134 shares in the last quarter. Farther Finance Advisors LLC grew its position in Companhia Paranaense de Energia – Copel by 8,715.5% during the fourth quarter. Farther Finance Advisors LLC now owns 5,113 shares of the company’s stock worth $49,000 after buying an additional 5,055 shares in the last quarter. Parallel Advisors LLC lifted its stake in Companhia Paranaense de Energia – Copel by 491.2% during the fourth quarter. Parallel Advisors LLC now owns 6,237 shares of the company’s stock worth $59,000 after purchasing an additional 5,182 shares during the last quarter. CWM LLC lifted its stake in Companhia Paranaense de Energia – Copel by 686.8% during the fourth quarter. CWM LLC now owns 6,373 shares of the company’s stock worth $61,000 after purchasing an additional 5,563 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Companhia Paranaense de Energia – Copel during the fourth quarter worth about $75,000.

Insider Buying and Selling at Companhia Paranaense de Energia – Copel

In other news, Director Pedro Franco Sales sold 153,700 shares of the business’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $3.19, for a total value of $490,303.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Companhia Paranaense de Energia – Copel Stock Up 3.5%

Shares of ELPC stock opened at $11.43 on Friday. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 12-month low of $7.32 and a 12-month high of $13.70. The business has a 50-day moving average price of $12.32 and a two-hundred day moving average price of $11.02. The firm has a market cap of $8.50 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 0.94 and a beta of -0.07.

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

Companhia Paranaense de Energia – Copel Announces Dividend

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

Analysts Set New Price Targets

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

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.