Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC Stock Holdings Lifted by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. increased its position in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,811,697 shares of the company’s stock after buying an additional 477,725 shares during the period. Letko Brosseau & Associates Inc. owned about 1.05% of Companhia Paranaense de Energia – Copel worth $97,021,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Syon Capital LLC raised its holdings in Companhia Paranaense de Energia – Copel by 6.0% during the second quarter. Syon Capital LLC now owns 21,549 shares of the company’s stock valued at $251,000 after acquiring an additional 1,227 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Companhia Paranaense de Energia – Copel by 23.0% in the first quarter. EverSource Wealth Advisors LLC now owns 7,373 shares of the company’s stock valued at $88,000 after acquiring an additional 1,379 shares in the last quarter. QRG Capital Management Inc. boosted its stake 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 worth $174,000 after acquiring an additional 1,786 shares during the period. GAMMA Investing LLC boosted its stake in shares of Companhia Paranaense de Energia – Copel by 22.3% in the second quarter. GAMMA Investing LLC now owns 14,186 shares of the company’s stock worth $165,000 after acquiring an additional 2,586 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Companhia Paranaense de Energia – Copel by 8.8% in the first quarter. Sei Investments Co. now owns 71,314 shares of the company’s stock worth $852,000 after acquiring an additional 5,787 shares during the period.

Insider Buying and Selling at Companhia Paranaense de Energia – Copel

In other news, Director Pedro Sales sold 50,000 shares of Companhia Paranaense de Energia – Copel stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $3.48, for a total value of $174,000.00. Following the sale, the director directly owned 24,844 shares of the company’s stock, valued at approximately $86,457.12. The trade was a 66.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings raised Companhia Paranaense de Energia – Copel from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 30th. Wall Street Zen cut Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Finally, Zacks Research raised Companhia Paranaense de Energia – Copel from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $10.40.

Companhia Paranaense de Energia – Copel Stock Performance

Shares of NYSE:ELPC opened at $10.66 on Friday. The firm has a market cap of $7.93 billion and a price-to-earnings ratio of 15.23. The firm has a fifty day moving average price of $12.42 and a 200 day moving average price of $11.82. Companhia Paranaense de Energia – Copel Unsponsored ADR has a fifty-two week low of $8.86 and a fifty-two week high of $14.51.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last announced its quarterly earnings results on Thursday, November 12th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.05 billion. As a group, research analysts predict 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 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 dividend payout ratio (DPR) is presently 85.71%.

Companhia Paranaense de Energia – Copel Profile

Companhia Paranaense de Energia, known as Copel, is a Brazilian electric utility headquartered in Curitiba, Paraná. Established in 1954 by the state of Paraná, the company became a privately controlled corporation in 2023. Copel operates across the electricity sector, with activities that include power generation, transmission, distribution and energy trading. Its generation portfolio includes hydroelectric and renewable energy assets, and its transmission and generation operations extend beyond Paraná.