Hennion & Walsh Asset Management Inc. Takes $921,000 Position in Companhia Paranaense de Energia – Copel Unsponsored ADR $ELPC

Hennion & Walsh Asset Management Inc. purchased a new position in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 96,800 shares of the company’s stock, valued at approximately $921,000.

Separately, Optiver Holding B.V. increased its position in Companhia Paranaense de Energia – Copel by 4.0% in the third quarter. Optiver Holding B.V. now owns 299,739 shares of the company’s stock worth $2,686,000 after buying an additional 11,611 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Companhia Paranaense de Energia – Copel in a report on Wednesday, January 28th. They set a “buy” rating and a $10.40 price target for the company. Zacks Research raised shares of Companhia Paranaense de Energia – Copel to a “hold” rating in a report on Friday, January 30th. Wall Street Zen lowered shares of Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, January 21st. Finally, Scotiabank upgraded shares of Companhia Paranaense de Energia – Copel to a “strong-buy” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Companhia Paranaense de Energia – Copel has a consensus rating of “Moderate Buy” and an average price target of $10.40.

Companhia Paranaense de Energia – Copel Stock Performance

NYSE:ELPC opened at $12.37 on Friday. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 3.91 and a beta of -0.11. Companhia Paranaense de Energia – Copel Unsponsored ADR has a 1 year low of $6.13 and a 1 year high of $12.51. The business has a fifty day moving average of $11.12 and a 200-day moving average of $10.01.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $4.52 billion.

Companhia Paranaense de Energia – Copel 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.