Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) Short Interest Up 64.9% in July

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 629,886 shares, a growth of 64.9% from the June 30th total of 382,079 shares. Based on an average daily volume of 420,809 shares, the short-interest ratio is presently 1.5 days. Currently, 0.1% of the shares of the stock are sold short.

Insider Buying and Selling

In other Companhia Paranaense de Energia – Copel news, Director Abreu Marco Antonio Villela De sold 32,490 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $2.94, for a total transaction of $95,520.60. Following the completion of the transaction, the director owned 63,546 shares in the company, valued at $186,825.24. This trade represents a 33.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On Companhia Paranaense de Energia – Copel

A number of large investors have recently bought and sold shares of ELPC. Federation des caisses Desjardins du Quebec boosted its stake in 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 worth $27,000 after purchasing an additional 1,650 shares in the last quarter. Arax Advisory Partners acquired a new stake in shares of Companhia Paranaense de Energia – Copel in the fourth quarter valued at $45,000. Farther Finance Advisors LLC increased its stake in shares of Companhia Paranaense de Energia – Copel by 8,715.5% in the fourth quarter. Farther Finance Advisors LLC now owns 5,113 shares of the company’s stock valued at $49,000 after buying an additional 5,055 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Companhia Paranaense de Energia – Copel in the fourth quarter valued at about $49,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Companhia Paranaense de Energia – Copel by 222.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,994 shares of the company’s stock valued at $57,000 after buying an additional 4,134 shares during the last quarter.

Companhia Paranaense de Energia – Copel Trading Down 0.6%

Shares of Companhia Paranaense de Energia – Copel stock traded down $0.07 during mid-day trading on Friday, reaching $11.73. 296,075 shares of the stock were exchanged, compared to its average volume of 348,456. Companhia Paranaense de Energia – Copel has a fifty-two week low of $7.80 and a fifty-two week high of $13.70. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.02 and a beta of -0.07. The firm has a 50-day simple moving average of $11.58 and a 200 day simple moving average of $11.53.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.13 billion. On average, research analysts predict that Companhia Paranaense de Energia – Copel will post 0.7 EPS for the current fiscal year.

Companhia Paranaense de Energia – Copel Announces Dividend

The firm also recently announced 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 presently 105.26%.

Wall Street Analyst Weigh In

ELPC has been the subject of a number of recent research reports. Wall Street Zen cut Companhia Paranaense de Energia – Copel from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Friday, July 17th. One 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. According to data from MarketBeat, Companhia Paranaense de Energia – Copel currently has an average rating of “Moderate Buy” and a consensus price target of $10.40.

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.