Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) Stock Short Interest Report for September

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 999,219 shares, an increase of 62.7% from the September 15th total of 614,318 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 523,626 shares, the short-interest ratio is presently 1.9 days.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ELPC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Thursday. Wall Street Zen downgraded shares of Companhia Paranaense de Energia – Copel from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. One equities research 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.40.

Companhia Paranaense de Energia – Copel Stock Up 2.0%

Shares of ELPC opened at $13.96 on Friday. Companhia Paranaense de Energia – Copel has a 52-week low of $8.73 and a 52-week high of $14.51. The stock has a fifty day simple moving average of $12.24 and a two-hundred day simple moving average of $12.09. The company has a market capitalization of $10.39 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.70 and a beta of -0.11.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. As a group, equities analysts anticipate that Companhia Paranaense de Energia – Copel will post 0.82 earnings per share for the current fiscal year.

Companhia Paranaense de Energia – Copel Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Quantinno Capital Management LP boosted its position in shares of Companhia Paranaense de Energia – Copel by 27.1% during the first quarter. Quantinno Capital Management LP now owns 394,375 shares of the company’s stock worth $4,709,000 after buying an additional 84,121 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Companhia Paranaense de Energia – Copel by 42.1% in the 1st quarter. Hsbc Holdings PLC now owns 258,536 shares of the company’s stock valued at $3,087,000 after buying an additional 76,653 shares during the period. Sei Investments Co. raised its holdings in shares of Companhia Paranaense de Energia – Copel by 8.8% in the 1st quarter. Sei Investments Co. now owns 71,314 shares of the company’s stock valued at $852,000 after buying an additional 5,787 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Companhia Paranaense de Energia – Copel in the 1st quarter valued at $540,000. Finally, NewEdge Advisors LLC lifted its stake in Companhia Paranaense de Energia – Copel by 16,094.0% during the 2nd quarter. NewEdge Advisors LLC now owns 40,323 shares of the company’s stock worth $470,000 after acquiring an additional 40,074 shares in the last quarter.

About Companhia Paranaense de Energia – Copel

Companhia Paranaense de Energia, known as Copel, is a Brazilian energy and infrastructure company headquartered in Curitiba, Paraná. Founded in 1954, the company operates primarily in the electricity sector and serves customers in the state of Paraná and other parts of Brazil through its portfolio of energy-related businesses.

Copel’s main activities include the generation, transmission, distribution and sale of electricity. Its generation portfolio includes hydroelectric and wind power assets, while its transmission and distribution operations support the delivery of electricity to residential, commercial and industrial customers.