Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) Short Interest Update

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 629,886 shares, an increase of 64.9% from the June 30th total of 382,079 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 420,809 shares, the days-to-cover ratio is currently 1.5 days.

Analyst Ratings Changes

Several research firms have recently commented on ELPC. Wall Street Zen downgraded shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Friday, July 17th. One equities research 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.40.

Insider Buying and Selling at Companhia Paranaense de Energia – Copel

In related news, Director Abreu Marco Antonio Villela De sold 32,490 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $2.94, for a total value of $95,520.60. Following the completion of the transaction, the director directly owned 63,546 shares of the company’s stock, valued at $186,825.24. This trade represents a 33.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Trading of Companhia Paranaense de Energia – Copel

Several hedge funds and other institutional investors have recently bought and sold shares of ELPC. Venturi Wealth Management LLC raised its position in Companhia Paranaense de Energia – Copel by 10.6% during the first quarter. Venturi Wealth Management LLC now owns 11,166 shares of the company’s stock valued at $133,000 after acquiring an additional 1,068 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Companhia Paranaense de Energia – Copel by 23.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,373 shares of the company’s stock worth $88,000 after purchasing an additional 1,379 shares during the period. Federation des caisses Desjardins du Quebec grew its stake in shares of Companhia Paranaense de Energia – Copel by 143.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock worth $27,000 after purchasing an additional 1,650 shares during the period. Millennium Management LLC increased its holdings in shares of Companhia Paranaense de Energia – Copel by 13.0% during the 4th quarter. Millennium Management LLC now owns 19,083 shares of the company’s stock valued at $181,000 after purchasing an additional 2,190 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Companhia Paranaense de Energia – Copel by 22.3% in the 2nd quarter. GAMMA Investing LLC now owns 14,186 shares of the company’s stock valued at $165,000 after purchasing an additional 2,586 shares during the period.

Companhia Paranaense de Energia – Copel Trading Down 0.6%

NYSE ELPC traded down $0.07 on Friday, hitting $11.73. 296,075 shares of the company’s stock traded hands, compared to its average volume of 389,766. The firm’s 50-day moving average price is $11.58 and its two-hundred day moving average price is $11.53. The firm has a market capitalization of $8.73 billion, a PE ratio of 20.59, a P/E/G ratio of 1.05 and a beta of -0.07. Companhia Paranaense de Energia – Copel has a 1-year low of $7.80 and a 1-year high of $13.70.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.13 billion. On average, research analysts anticipate that Companhia Paranaense de Energia – Copel will post 0.7 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. Stockholders of record on Friday, May 1st will be issued a $0.1904 dividend. The ex-dividend date of this dividend is Friday, May 1st. Companhia Paranaense de Energia – Copel’s payout ratio is 105.26%.

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.