Key Points
- Director Pedro Franco Sales sold 50,000 ELPC shares at an average price of $3.48, generating $174,000. The transaction reduced his direct ownership by 66.81% to 24,844 shares.
- Copel reported quarterly earnings of $0.16 per share, exceeding the $0.14 consensus estimate, while revenue of $1.18 billion also topped expectations.
- The company paid a special dividend of $0.1904 per share. Analysts maintain a “Moderate Buy” consensus, although the average price target of $10.40 is below the reported share price of $14.02.
Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) Director Pedro Sales sold 50,000 shares of the company's stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $3.48, for a total value of $174,000.00. Following the completion of the sale, the director directly owned 24,844 shares of the company's stock, valued at approximately $86,457.12. This trade represents a 66.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Companhia Paranaense de Energia - Copel Price Performance
Shares of NYSE:ELPC opened at $14.02 on Wednesday. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 1.70 and a beta of -0.11. The firm's 50 day simple moving average is $12.36 and its 200 day simple moving average is $12.12. Companhia Paranaense de Energia - Copel Unsponsored ADR has a fifty-two week low of $8.73 and a fifty-two week high of $14.51.
Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Equities research analysts expect that Companhia Paranaense de Energia - Copel Unsponsored ADR will post 0.82 earnings per share for the current year.
Companhia Paranaense de Energia - Copel Dividend Announcement
The company also recently announced a special dividend, which was paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st were issued a $0.1904 dividend. The ex-dividend date was Friday, May 1st. Companhia Paranaense de Energia - Copel's dividend payout ratio (DPR) is 85.71%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a research report on Thursday, October 15th. Wall Street Zen lowered shares of Companhia Paranaense de Energia - Copel from a "buy" rating to a "hold" rating in a report on Sunday, September 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Companhia Paranaense de Energia - Copel presently has an average rating of "Moderate Buy" and an average target price of $10.40.
Check Out Our Latest Analysis on Companhia Paranaense de Energia - Copel
Hedge Funds Weigh In On Companhia Paranaense de Energia - Copel
A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Companhia Paranaense de Energia - Copel by 21.7% in the 3rd quarter. GAMMA Investing LLC now owns 17,265 shares of the company's stock valued at $214,000 after purchasing an additional 3,079 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Companhia Paranaense de Energia - Copel by 13.6% in the second quarter. QRG Capital Management Inc. now owns 14,961 shares of the company's stock valued at $174,000 after purchasing an additional 1,786 shares in the last quarter. Altar Rock LLC bought a new stake in shares of Companhia Paranaense de Energia - Copel in the second quarter valued at about $121,000. BlueCrest Capital Management Ltd acquired a new position in shares of Companhia Paranaense de Energia - Copel during the second quarter worth about $291,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Companhia Paranaense de Energia - Copel during the second quarter worth about $173,000.
Companhia Paranaense de Energia - Copel Company Profile
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Get Free Report)
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.
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