Quantinno Capital Management LP Increases Stock Position in Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC

Quantinno Capital Management LP boosted its holdings in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 27.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,375 shares of the company’s stock after purchasing an additional 84,121 shares during the quarter. Quantinno Capital Management LP’s holdings in Companhia Paranaense de Energia – Copel were worth $4,709,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ELPC. Venturi Wealth Management LLC grew its position in Companhia Paranaense de Energia – Copel by 10.6% during the 1st quarter. Venturi Wealth Management LLC now owns 11,166 shares of the company’s stock worth $133,000 after purchasing an additional 1,068 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in shares of Companhia Paranaense de Energia – Copel by 143.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock valued at $27,000 after buying an additional 1,650 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Companhia Paranaense de Energia – Copel by 13.0% during the fourth quarter. Millennium Management LLC now owns 19,083 shares of the company’s stock worth $181,000 after buying an additional 2,190 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of 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 during the last quarter. Finally, Arax Advisory Partners acquired a new position in Companhia Paranaense de Energia – Copel in the 4th quarter valued at about $45,000.

Analysts Set New Price Targets

ELPC has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Friday, July 17th. Wall Street Zen lowered Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.40.

Companhia Paranaense de Energia – Copel Stock Performance

NYSE:ELPC opened at $11.65 on Friday. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 1 year low of $8.00 and a 1 year high of $13.70. The stock has a fifty day moving average price of $11.58 and a two-hundred day moving average price of $11.61. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.03 and a beta of -0.06.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. On average, analysts predict that Companhia Paranaense de Energia – Copel Unsponsored ADR will post 0.7 EPS for the current year.

Companhia Paranaense de Energia – Copel Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st will be given a dividend of $0.1904 per share. The ex-dividend date is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio is presently 85.71%.

Insiders Place Their Bets

In other Companhia Paranaense de Energia – Copel news, Director Abreu Marco Antonio Villela De sold 32,490 shares of the stock in a transaction dated 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 approximately $186,825.24. This trade represents a 33.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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.