Key Points
- Director Pedro Franco sold 153,700 shares on April 8 at an average of $3.19 for total proceeds of $490,303, reducing his stake by 67.25% to 74,844 shares; the sale was disclosed in an SEC filing.
- ELPC shares opened at $13.13 and trade within a 52‑week range of $6.26–$13.15, with a market cap of about $9.78 billion and a trailing P/E of 23.88.
- Analysts have recently upgraded coverage (including Wall Street Zen and Scotiabank) and MarketBeat shows a consensus "Moderate Buy" with a $10.40 target, while Copel beat quarterly EPS estimates ($0.11 vs. $0.08).
Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) Director Pedro Franco Sales sold 153,700 shares of the firm's stock in a transaction dated 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 owned 74,844 shares in the company, valued at approximately $238,752.36. This represents a 67.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Companhia Paranaense de Energia - Copel Stock Performance
Shares of ELPC stock opened at $13.13 on Friday. Companhia Paranaense de Energia - Copel Unsponsored ADR has a 52-week low of $6.26 and a 52-week high of $13.15. The stock has a market cap of $9.78 billion, a PE ratio of 23.88, a PEG ratio of 4.04 and a beta of -0.11. The firm's 50 day moving average price is $11.30 and its two-hundred day moving average price is $10.12.
Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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.
Hedge Funds Weigh In On Companhia Paranaense de Energia - Copel
Large investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. acquired a new position in Companhia Paranaense de Energia - Copel during the 4th quarter worth approximately $921,000. Blue Trust Inc. boosted its holdings in shares of Companhia Paranaense de Energia - Copel by 2,635.1% in the 4th quarter. Blue Trust Inc. now owns 48,055 shares of the company's stock valued at $457,000 after buying an additional 46,298 shares during the last quarter. GAMMA Investing LLC lifted its stake in Companhia Paranaense de Energia - Copel by 35,238.9% in the 4th quarter. GAMMA Investing LLC now owns 12,722 shares of the company's stock valued at $121,000 after purchasing an additional 12,686 shares during the last quarter. Optiver Holding B.V. lifted its stake in Companhia Paranaense de Energia - Copel by 4.0% in the 3rd quarter. Optiver Holding B.V. now owns 299,739 shares of the company's stock valued at $2,686,000 after purchasing an additional 11,611 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Companhia Paranaense de Energia - Copel in the 4th quarter valued at about $426,000.
Analyst Ratings Changes
A number of brokerages have issued reports on ELPC. Wall Street Zen upgraded Companhia Paranaense de Energia - Copel from a "buy" rating to a "strong-buy" rating in a report on Sunday, April 5th. Zacks Research upgraded Companhia Paranaense de Energia - Copel to a "hold" rating in a report on Friday, January 30th. Weiss Ratings restated a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a report on Wednesday, January 21st. Scotiabank upgraded Companhia Paranaense de Energia - Copel to a "strong-buy" rating in a report on Friday, January 9th. Finally, The Goldman Sachs Group assumed coverage on Companhia Paranaense de Energia - Copel in a report on Wednesday, January 28th. They set a "buy" rating and a $10.40 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $10.40.
Check Out Our Latest Report on Companhia Paranaense de Energia - Copel
Companhia Paranaense de Energia - Copel Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
