Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 34.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 594,215 shares of the company’s stock after selling 305,687 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Companhia Paranaense de Energia – Copel were worth $7,380,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Thursday, October 15th. One investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.40.

Companhia Paranaense de Energia – Copel Stock Up 0.5%

ELPC stock opened at $13.89 on Friday. Companhia Paranaense de Energia – Copel Unsponsored ADR has a twelve month low of $8.73 and a twelve month high of $14.51. The company has a market cap of $10.34 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 1.69 and a beta of -0.11. The business’s 50-day simple moving average is $12.56 and its 200 day simple moving average is $12.15.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. On average, equities research analysts anticipate that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.82 EPS for the current year.

Companhia Paranaense de Energia – Copel Announces Dividend

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

Insider Activity at Companhia Paranaense de Energia – Copel

In related news, Director Pedro Sales sold 50,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 24,844 shares in the company, valued at approximately $86,457.12. This represents a 66.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

About Companhia Paranaense de Energia – Copel

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.